Paxos paid $520,000 for a $2,000 bitcoin transaction earlier this week.
A bitcoin fee is what miners receive after a transaction is confirmed on the Bitcoin blockchain. Fees can be adjusted by the user to give certain transactions priority over others.
"After conducting identity verification, we have confirmed the ownership of these BTC, and fully refunded the fee to the sender," F2PoolThe refund comes after intense discussion amongst the bitcoin community, with the likes of Stake.fish founder Chun WangCasa Hodl co-founder and early bitcoin developer Jameson Lopp praised Bitcoin as being a"cooperative network" after the fee was returned.."Miners are humans too, and they realize that people make mistakes.
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