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If you’re distributing $180m in Bitcoin to 6 million wallets, do you pay transaction fees (currently about $6) once, or 6 million times?
by Reason077 5y ago
If you’re distributing $180m in Bitcoin to 6 million wallets, do you pay transaction fees (currently about $6) once, or 6 million times?
- awestroke 5y agoSomewhere in between. You pay per byte.
- justsomeperson 5y agoif you send them all as a single transaction i.e one transaction with 6 million outputs, you would pay 1 transaction fee. However I dont think that is what is happening here. All the transactions are likely to made on the lightning network, which is a layer on top of bitcoin, designed to facilitate smaller transactions with lower fees.
- bruce343434 5y ago> All the transactions are likely to made on the lightning network How?
- lalaland1125 5y agoTransaction fees are per byte of data so you would be paying a huge fee.