Bitcoin

Bitcoin batching remains consistent even as transaction fees rise

Quick Take

  • Payments batching helps reduce the number of individual transactions and the transaction fees required from a sender
  • With the recent price increase of bitcoin, we are seeing an increase in transaction fees, which should increase the use of batching
  • The Block has analyzed the relationship of batching and transaction fees over time

Bitcoin’s system enables users to send multiple payments in a single transaction by leveraging the sendmany remote procedure call. This feature calls on the Bitcoin Core software to create and broadcast a single transaction that sends outputs to multiple addresses. More commonly known as “payment batching,” the feature helps reduce the number of individual transactions created by the sender and the transaction fees they have to pay.