If you pop over to http://mempool.space (@mempool), you'll notice fees are quoted in "sat/vB", which stands for satoshis per byte. Since there are 1,000,000 bytes in a megabyte, and blocks have a maximum size of 4 megabytes, each block has limited space.
🧵3/15
sebbunney / Seb Bunney
npub1tm…elpna
2024-02-26 20:29:19
in reply to nevent1q…uavp
Author Public Key
npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpnaPublished at
2024-02-26 20:29:19Event JSON
{
"id": "41a847b31bd550e50ae47b542a9f44efb4369d8a2f08a92ad74c5900205264b0",
"pubkey": "5ed4fa9d1de53613f2964ccd6d1c9e70841651080f3fc06effb8d7dfb7f52d85",
"created_at": 1708979359,
"kind": 1,
"tags": [
[
"e",
"174c61a9019c30e2ff6b9872b11a0d9462096b1a1f3e5be37a5bd9b587303ba3",
"",
"root"
],
[
"e",
"291f81ddaa5c421eae8e5cc7d13dfde9c88eb096ff96f28bb3f57f6487917ab6",
"",
"reply"
],
[
"p",
"5ed4fa9d1de53613f2964ccd6d1c9e70841651080f3fc06effb8d7dfb7f52d85"
]
],
"content": "If you pop over to http://mempool.space (@mempool), you'll notice fees are quoted in \"sat/vB\", which stands for satoshis per byte. Since there are 1,000,000 bytes in a megabyte, and blocks have a maximum size of 4 megabytes, each block has limited space.\n\n🧵3/15",
"sig": "cb7e03a7ba173406bff18b9dd48ad53aa152f9f2b03d6a6c6724e82a6e38834fd2d38258c3111780b1596f02851ee98839215f82a110e815065e9576153ee313"
}