Battle For The Halving Block: Bitcoin Users Spend Record $2.4 Million On Block 840,000
Summary
Bitcoin's 840,000th block triggered the halving event, leading to record-high transaction fees. ViaBTC mined the block, receiving $2.4 million in fees and 40.7 BTC. The block holds the first Satoshis, highly sought after as collector's items. The Runes Protocol, launched alongside the halving, has seen intense competition, with degens paying over $4.95 million to mint rare tokens on the Bitcoin network. This surge in fees has offset the drop in miner rewards from the halving, potentially impacting Bitcoin's security budget.
