Bitcoin

A staggering transaction fee of 83 BTC, equivalent to a jaw-dropping 3,146,245 USD, has left the crypto community buzzing with speculation. The colossal fee, paid in a single transaction, has raised eyebrows and led to an unexpected intervention by one of the prominent mining pools, ANTPOOL.On November 23rd, the news marked one of the highest fees ever recorded on the Bitcoin network. The exorbitant fee immediately triggered the risk control system of ANTPOOL during the transaction packaging process, prompting an urgent response from the mining pool.ANTPOOL, in an official announcement dated November 30, 2023, disclosed that their risk control system had temporarily frozen the massive fee during the transaction’s processing. The mining pool has now taken a bold step by calling on the user responsible for the hefty transaction fee to come forward and undergo a stringent verification process.<h2 id="header-0">User Verification Steps</h2>To claim the 83 BTC gas fee refund, the user is required to follow a meticulous identity verification process. The steps outlined by <a href="https://www.antpool.com/home?lang&#61;en" rel="noopener noreferrer nofollow">ANTPOOL</a> include preparing a signing tool, either Electrum or Bitcoin Core, and using the private key associated with the specified address to sign the message “AntPool.” The signed text must be sent to support&#64;antpool.com before 00:00 (UTC&#43;8) on December 10, 2023.This substantial transaction fee has raised questions about the intricacies of <a href="https://blockchainreporter.net/tag/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> transactions and brought to light the vigilant risk control measures implemented by major mining pools. ANTPOOL’s move to refund the colossal fee after verification is unprecedented in cryptocurrency, underscoring the need for heightened security and transparency in the rapidly evolving world of digital assets.

Historic 83 BTC Transaction Fee Sparks Antpool’s Unprecedented Move

Table of Contents

BlockchainReporter

Other articles published on Nov 30, 2023

Top Altcoins To Watch In December: Prices Of Terra Luna Classic (LUNC), Dogecoin (DOGE), And Sola...

South Korea’s Bithumb exchange introduces BIGTIME and STMX cryptocurrencies

Cardano founder clashes with XRP community again

Dogecoin Price Shows Bullish Behavior as DOGE Moon Mission Scores Regulatory OK

What is a Hard Fork in a Blockchain? How Does it Work?

MicroStrategy’s Latest Purchase Swells Holdings to $5.28 Billion, How Many Bitcoins Did it Buy?

Join our free newsletter for daily crypto updates!