Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: _zkao on March 03, 2018, 05:09:31 PM



Title: Real time fees -- BTC congestion manager
Post by: _zkao on March 03, 2018, 05:09:31 PM
Hi there,

get ur real time fees here, free and open-source software:

https://fee.cryp.ee
https://github.com/zkao/btc-congestion-manager

REST and websockets provided.

The bitcoin tx queue is messy and too many people are jumping the line, congesting whoever is behind. Let’s organize that mess. No randomly jumping in front of the line no more! Rather squeeze in and dance with the queue.

We aim to organize the queue by spoting non-uniformity on the mempool fee distribution and suggest fees for new txs that would fill that gap. Over time that produces a somewhat uniform fee distribution and a much more predictable fee market where different parties could trully prioritize transactions.