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Bitcoin batching remains consistent even as transaction fees rise

Steven Zheng

Bitcoin’s system enables users to send multiple payments in a single transaction by leveraging the sendmany remote procedure call. This feature calls on the Bitcoin Core software to create and broadcast a single transaction that sends outputs to multiple addresses. More commonly known as “payment batching,” the feature helps reduce the number of individual transactions created by the sender and the transaction fees they have to pay.

Data saved when batching (Source: Bitcoin.it)

With the recent uptick in bitcoin’s transaction fees and overall price, we decided to take a look at whether Bitcoin users are batching. We will use the payments metric devised by the team at transactionfee.info for our analysis.

Join Genesis now and continue reading, Bitcoin batching remains consistent even as transaction fees rise!