Ethereum: A deep immersion in types of Bitcoin transactions
In a world in which cryptocurrencies evolve and expand their skills, it is important to understand the different types of transactions in the Ethereum network. As we learned from previous articles, 2015 was a crucial moment for Bitcoin, with significant changes in the types of transactions that opened the way for the modern cryptocurrency landscape.
How large is the size of different types of Bitcoin transactions?
To answer your question, let’s examine some of the most remarkable types of transactions and their appropriate variables:
- Small transactions : These are usually used to transmit small amounts of coins between users or to complete smaller transactions in the Ethereum network.
* Size: 0.001-1 Satoshis (approx. 0.0002 to $ 0.002)
- Medium -sized transactions : These transactions are used for a significant exchange and can vary from a few cents to a few dollars.
* Size: 10-100 Satoshis (approximately 0.01 to $ 0.1)
- Large transactions : These are used for significant scholarships, e.g. B. for the purchase or sale of large amounts of coins.
* Size: 500-5,000 Satoshis (approx. 50 to $ 500)
- Microtransacations : These small transactions can be used to buy items from online stores that accept Ethereum or other cryptocurrencies.
* Size: 0.01-100 Satoshis (approx. 0.001 to $ 1)
New Types of Transactions
While we are still far from taking the widespread microtransac. There are several types of newer transactions on the horizon:
- Defi transactions : Decentralized financing journals (decentralized finance) are developed to facilitate loans, loans and other financial services using ETHREUM. These transactions can range from a few cents to several thousand dollars.
- NFFT transactions
: The tokens that are not fought (NFT) are unique digital assets representing the property of art, collector parts or other objects. The NFT transactions in the Ethereum network use gas -based payment systems and may be small or large depending on the complexity of the transaction.
Average size of a Bitcoin transaction
To give you a better idea about the typical size of Bitcoin transactions, we look at some historical data:
- In 2015, the average Bitcoin transaction was 0.001 Satoshis (approx. 0.0002 USD) [1].
- According to the latest estimates, the average size of the transaction on Ethereum is about 10-20 cents (about 0.01 to $ 0.02) [2].
Finally, we have made considerable progress in understanding the types of Bitcoin transactions over the years, but there is still room for innovation and extension.
References:
[1] “2015: Bitcoin year of Blockgeks
[2] “The size of the Ethereum transaction” by Coindesk
