WHY ARE BITCOIN TRANSACTION FEES SO HIGH TODAY? - BABYLON LABS STAKING - BITCOIN STAKING

#babylonlabs #bitcoin #mempool

In this video I discuss why the Bitcoin transaction fees are so high. It Is due to Babylon Labs releasing their Staking Phase 1 - Thursday 22nd August 2024.

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References in video:
Babylon Labs: https://babylonlabs.io
Litepaper: https://docs.babylonchain.io/assets/files/btc_staking_litepaper-32bfea0c243773f0bfac63e148387aef.pdf
Mempool: https://mempool.space/block/0000000000000000000032d660e240851bd8465dd2e13996b8a56ed540bfd15a

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⏱ Chapter Markers:

0:00 – Intro
0:40 - The Miners Are Rewarded!
2:41 – Babylon Labs Bitcoin Staking
6:27 – Discord Chaos
9:14 – Mempool Fees
10:50 – Outro

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