{"id":5923,"date":"2021-03-01T14:31:00","date_gmt":"2021-03-01T07:31:00","guid":{"rendered":"https:\/\/news.bitcoinvn.io\/?p=5923&lang=en"},"modified":"2024-05-13T07:42:12","modified_gmt":"2024-05-13T00:42:12","slug":"vbtc-donates-1000000-satoshis-to-mempool-space","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/insights\/vbtc-donates-1000000-satoshis-to-mempool-space\/","title":{"rendered":"VBTC donates 1,000,000 Satoshis to Mempool.Space"},"content":{"rendered":"

VBTC<\/span><\/a> – Vietnam\u2019s oldest <\/span>Bitcoin Trading Platform<\/span><\/a> – <\/span>announced<\/span><\/a> that it has joined a range of well-known Bitcoiners and Bitcoin service providers as a sponsor of the Open Source Blockchain Explorer project <\/span>Mempool.space<\/span><\/a>.<\/span><\/p>\n

<\/p>\n

Mempool.space was created in 2018 as a project with the aim to provide a tool to the Bitcoin ecosystem which allows for a transition into a multi-layered ecosystem where Blockspace in the Bitcoin blockchain becomes increasingly scarce and expensive.<\/span><\/p>\n

Mempool.space is using Data visualization to allow Bitcoin users and Service providers to optimize their transactions in order to save on fees and utilized Blockspace.<\/span><\/p>\n

\"\"<\/p>\n

Softsimon<\/a> and Wiz<\/a> (Mempool.space):<\/strong><\/p>\n

\u201cSince we work directly for the Bitcoin community, it\u2019s an honor to have VBTC sponsor us. Dominik has been a lead figure in the Bitcoin community in Vietnam for many years, so it\u2019s very heart warming and we\u2019re extremely grateful.\u201d<\/span><\/i><\/p>\n

Dominik Weil<\/a> (BitcoinVN; VBTC\u2019s mother entity):<\/strong><\/p>\n

\"\"<\/p>\n

\u201cWe are heading into an age where – if you like it or not – single onchain transactions on the Bitcoin Blockchain are not economically viable anymore for normal retail users. For day-to-day transactions layer two & three solutions will become increasingly adopted out of economic necessity.<\/span><\/i><\/p>\n

That said, with the transaction fee levels where they are now and headed to over the course of 2021 and beyond, optimizing for Blockspace usage (SegWit adoption, batched transactions; timing of transactions for low mempool usage etc.) will become increasingly important to remain a competitive service provider in the space.<\/span><\/i><\/p>\n

Mempool.space<\/span><\/i><\/a> provides a very valuable tool to help on this transition and helps you to learn & understand the inner workings of the Bitcoin Blockchain more close up.\u201d<\/span><\/i><\/p>\n

If you are looking to donate to the Mempool.space project on your own – you can do so <\/span>here<\/span><\/a> either via onchain or Lightning transaction<\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Mempool.space is using Data visualization to allow Bitcoin users and Service providers to optimize their transactions in order to save on fees and utilized Blockspace.<\/p>\n","protected":false},"author":11,"featured_media":5924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,10549],"tags":[],"class_list":["post-5923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoinvn-business","category-featured-sub-panel"],"yoast_head":"\nVBTC donates 1,000,000 Satoshis to Mempool.Space - BV Insights<\/title>\n<meta name=\"description\" content=\"VBTC has joined a range of well-known Bitcoiners and Bitcoin service providers as a sponsor of the Open Source Blockchain Explorer Mempool.space.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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