Three years ago there were a lot of discussions concerning data embedded in bitcoin transactions and the block size space consumed by these OP_Return transactions. However, in recent times, the use of OP_Return transactions has dropped a great deal and the trend has lowered network fees to some degree.
OP_Return Transaction Domination Slows Significantly Alleviating Bitcoin Network Fees
Bitcoin transfer fees have dropped quite a bit over the last nine months since July 1, 2021. At that time, the average transaction fee to send bitcoin (BTC) was above $10 per transaction. Statistics show that at the end of April 2022, the average fee to send BTC is 0.000042 BTC or $1.62 per transfer. This month a report published by the lead at Galaxy Digital Research, Alex Thorn, explains there are a number of reasons why onchain transactions have been cheaper.
Thorn’s report explains there are a number of reasons why fees are lower including the use of transaction batching, increased Segregated Wit
We współpracy z: https://news.bitcoin.com/the-number-of-entities-using-bitcoin-to-store-arbitrary-data-has-declined/
