History

The Bitcoin transaction TXID: a5ae72c1f8d88dabd1f6035c294aa4ed4e4415a41dd44e9cd347798abff25537, includes several inputs from different senders totaling 1,771,305 sats. The largest input is 1,759,500 sats from address bc1qavnnzu59q5hmv0gah2alqn33th57p06t666h3y2u48y2rxs6rdfq2z49dm.

The transaction has two outputs:

• 1,098,262 sats to address bc1qnzhjlleu9pmrpdzm2ku9nepmw3zukdv8zsf5unvvwxd6qjy8u4rsvp4swd
• 1,312,897 sats to address 3EybLqNuSypnejdwRC2tkR5HobjMXu7oG1

With a transaction fee of 5,564 sats and a size of 6,890 bytes, this indicates a sizable transfer which may involve exchanges or significant peer-to-peer movements.

Overall, the high values in both inputs and outputs suggest potential connections to an exchange or large-scale trading activity.

Bitcoin Block 420000

This block is particularly notable due to its high transaction count of 1,257 within a single block, reflecting increased network activity. Such a volume of transactions can indicate growing adoption and usage of Bitcoin during this period.

With a size of approximately 1 MB and a substantial weight of over 3.9 million weight units, this block represents a significant contribution to the blockchain's data ecosystem, showcasing the scalability challenges and opportunities faced by Bitcoin.

Even without specific miner or reward data, the block's timestamp of 1468082773 marks an important moment in Bitcoin's history, highlighting its ongoing evolution and the dynamics of transaction processing on the network.

Overall, Block 420000 stands out as a symbol of Bitcoin's resilience and capacity for high transactional throughput.

The Bitcoin transaction in question has a size of 1,672,862 bytes and a total weight of 3,993,446. It occurred at block height 892,637 and involves 3,888 transactions.

While transactions can carry fees as low as 5 sats/byte, some users opt for higher fees, like 100 sats/byte. This results in faster confirmation times, as higher fees provide priority, even when there isn’t significant competition for block space.

Ultimately, the decision to overpay comes down to users' varying needs for speed and assurance of processing. Despite the absence of a competitive environment, some may prefer the peace of mind that a higher fee guarantees timely confirmation.

Bitcoin Block Overview

Block Height: 892,637
Transaction Count: 3,888
Size: 1,672,862 bytes
Weight: 3,993,446 virtual bytes
Timestamp: 1744784744

Transaction Fees Insight

Despite lower fee rates, some transactions are choosing 100 sats/byte fees instead of the 5 sats/byte minimum that ensures inclusion.

Reasons for Higher Fees

1. Priority: Higher fees can ensure faster confirmation.
2. User Preference: Some users prioritize speed over cost, even in a low-competition environment.

In this scenario, paying more might reflect a user's situation or urgency rather than a competitive necessity.

Bitcoin Block Overview

• Block Height: 892,637
• Transaction Count: 3,888
• Block Size: 1,672,862 bytes
• Weight: 3,993,446 vbytes
• Timestamp: 1744784744

Fee Insights

In this block, you may notice transactions with fees of 100 sats/byte. Despite a lower fee of 5 sats/byte likely securing inclusion, higher fees can prioritize transactions for several reasons.

Reasons for Higher Fees

1. Network Congestion: During peak times, users pay more to ensure faster confirmation.
2. Transaction Urgency: Those who need immediate confirmation are willing to overpay for quicker processing.

In essence, while it's possible to use lower fees, higher fees guarantee expedited service in a competitive environment.