Satoshi’s Vision Still Alive: Bitcoin Is Shifting Towards More P2P Payments

Quick Summary:

On-chain data suggests Satoshi’s original vision is alive and kicking as the Bitcoin network has shifted towards smaller transactions.

The transactions here exclude the Runes and Ordinals-related moves since transfers related to these protocols don’t exactly correspond to real-life P2P payments.

First, Ju has discussed the trend in the transaction fees on the Bitcoin network.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Btcusd Bitcoin fees Bitcoin Transactions Satoshi Bitcoin P2P Payments Btc Bitcoin Bitcoin News Bitcoin P2P

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-12 @ 07:30:58 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 429 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21582300

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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