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Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release

Multibit Transaction “Toll Booth”

Nigel Dollentas
by Nigel Dollentas
11 years ago
·
Posted in News, Reviews, Uncategorized
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Multibit, a well-known bitcoin wallet, is one of the most popularly downloaded wallets. But what some people may not know is that the whole team consists of 2 developers; they’re having trouble supporting a larger user base. On top of the fact they have day jobs and the project is sustained off of only donations, so they decided to implement what they called BRIT, or Burton-Rowe Income technique. Essentially, Multibit is charging a 1000 Satoshi transaction fee, which is 1/10 of the 10,000 Satoshi “Miners Fee”. Proceeds will help support Multibit Project and upcoming projects, such as Multibit HD.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Nigel Dollentas

Nigel Dollentas

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Born in the Philippines, currently stationed in the USA. The youngest member of our writing team, Nigel is our freelance writer. Learned about Cryptocurrency right after the Mt. Gox crash and has been passionate ever since. @NigelDollentas

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