sebbunney on Nostr: Bitcoin transaction fees aren't based on the amount sent, but on the transaction's ...
Bitcoin transaction fees aren't based on the amount sent, but on the transaction's weight. More data in the transaction equals higher fees.
You're probably thinking, what is Seb on about... "what does transaction weight mean?"
🧵2/15
Published at
2024-02-26 20:28:57Event JSON
{
"id": "291f81ddaa5c421eae8e5cc7d13dfde9c88eb096ff96f28bb3f57f6487917ab6",
"pubkey": "5ed4fa9d1de53613f2964ccd6d1c9e70841651080f3fc06effb8d7dfb7f52d85",
"created_at": 1708979337,
"kind": 1,
"tags": [
[
"e",
"174c61a9019c30e2ff6b9872b11a0d9462096b1a1f3e5be37a5bd9b587303ba3",
"",
"root"
],
[
"p",
"5ed4fa9d1de53613f2964ccd6d1c9e70841651080f3fc06effb8d7dfb7f52d85"
]
],
"content": "Bitcoin transaction fees aren't based on the amount sent, but on the transaction's weight. More data in the transaction equals higher fees.\n\nYou're probably thinking, what is Seb on about... \"what does transaction weight mean?\"\n\n🧵2/15",
"sig": "7e6d3de386aff2a1982d51850d74478183f19e039d25514f8acf27dcd7aad21bd5a05257577ae642d85d163ac577e555cd4a2db59f490518742e4a38af6f1653"
}
