Credit: Pixabay – Gerd Altmann
Coinbase deployed a feature of " batching "Which allows its users to save up to 50% on transfer fee collected by minors from the network Bitcoin.
On his blog, the Californian crypto-broker explained that this functionality of batching of transactions also allowed to "significantly reduce" its charge on the Bitcoin blockchain and thus contribute to the scalability of the network.
Historically, whenever a customer Coinbase was sending Bitcoin, we were broadcasting a single chain transaction. Starting today, we will consolidate multiple shipments into a single transaction – we expect this to reduce our load on the Bitcoin network by more than 50%, and the network fees that our customers pay will be reduced by an equivalent amount when sending, ”wrote the San Francisco-based company.
The functionality is being deployed and will be supported, automatically (with no additional action to be taken by the user), and at the same time, on Coinbase and Coinbase Pro.
Other established cryptocurrency exchange platforms, like Kraken, have been using this solution for some time.
According to data from the wallet provider Blockchain.com, the average cost per transaction on the bitcoin network is currently $ 0.38.
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