Thursday, August 6, 2015

BitGo Implements Dynamic Bitcoin Transaction Fees

BitGo, a multi-signature Bitcoin wallet, has introduced dynamic transaction fees to give users more options. The dynamic fees are in response to longer transaction times driven by an increase in transaction volumes. Users can now select fees that price automatically based predictable processing periods. “Many transactions have taken longer than usual to confirm,” BitGo notes on its website. “As of (this) writing, the number of unconfirmed transactions is now well into the tens of thousands and continues to rise. To the user, this means that important operations such as exchange deposits are being delayed for hours, with no guarantee of […]

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