Bitcoin Batching Transactions – What You Need to Know

Coinbase managed to help its clients save 75.2% in transaction fees and reduce their daily transaction count by 95% by batching Bitcoin transactions. Transaction batching is combining multiple transactions into one rather than creating a new transaction for every request. It dramatically reduces the costs of transacting bitcoin and reduces the overall Bitcoin network load, allowing it to fit more in a smaller space. Currently, many popular Bitcoin exchanges use this scaling technique of payment batching. Many wallets have it…

Coinbase Customers to Enjoy Lower Fees Courtesy of Bitcoin Batching

BTC traders on Coinbase will soon enjoy lower transaction fees thanks to the exchange's adoption of Bitcoin Transaction Batching. The firm announced the launch of the feature on  March 12th. In a blog post confirming the same, Coinbase states that the new feature will significantly lower the load on the Bitcoin blockchain. Additionally, it can save the exchange's users more than 50% in network fees. Reduced Network Fees on Coinbase In a departure from the norm, Coinbase will now bundle…