Wednesday 10 February 2021

Bitcoin | 88% of all BTC transfers are overpaying transaction fees

Three and a half years after the activation of SegWit, adoption of the space-saving transaction format is still far from ideal. According to analysis by Mark “Murch” Erhardt of Chaincode Labs, 88% of all Bitcoin transaction inputs pay higher fees than are necessary. Erhardt bases his conclusion on data showing just 12% of transaction inputs use the SegWit format, which is less fee intensive than transacting with legacy inputs. https://youtu.be/ouKH1XEB4PY

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