Bitcoin Miners Set Historic Daily Fee Record
Date: 2023-12-21 Author: Dima Zakharov Categories: BUSINESS
Historic Daily Fees
According to data from the analytical platform CryptoQuant, Bitcoin miners have achieved an all-time high in total fees. This record-breaking increase in fees is attributed to heightened demand for block space within the network. The overall surge in transaction fees has also impacted mining revenue, which currently stands at approximately $63.8 million.
Challenges Ahead
Despite the rising commission income for mining companies, the growing popularity of the Ordinals protocol may lead to increased transaction costs and processing delays within the network, according to analysts at CryptoQuant.
Cybersecurity Concerns
Previously, the U.S. National Vulnerability Database (NVD) included tokens created within the Ordinals protocol as cybersecurity threats. According to the NVD's warning, in some versions of Bitcoin Core and Bitcoin Knot, data carrier restrictions can be bypassed by obfuscating data within the code.
This development highlights the dynamic nature of the cryptocurrency landscape and the challenges faced by Bitcoin miners as they navigate the ever-evolving blockchain technology.
