Daniele
Thu Jul 11 2024
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6 answers
1444
How many sat/byte is a bitcoin transaction?
Could you elaborate on the concept of "sat/byte" in the context of a Bitcoin transaction? I'm particularly interested in understanding the economic implications and how it relates to the overall cost of conducting a transaction on the Bitcoin network. Additionally, how does this metric vary depending on factors like network congestion and miner fees? Is there a recommended threshold or range that is generally considered optimal for minimizing transaction costs? Understanding the intricacies of this metric would greatly enhance my ability to make informed decisions when engaging with Bitcoin transactions.
