👉 The Simple Lightning Newsletter - What is Bitcoin Dust & How Can We Fix It?
What is Bitcoin Dust & How Can We Fix It?
When a user wants to spend a UTXO containing a small value of bitcoin it at some point no longer makes economic sense to do so. The value of bitcoin in the UTXO is so small, it isn’t enough to pay for the transaction fee required for bitcoin full nodes to relay it or for miners to include the transaction in a block. This is precisely when these UTXO’s are referred to as dust. Dust is essentially low value UTXO’s that have collected over time and have been outpriced or uneconomical to spend.
- What is Bitcoin Dust & How Can We Fix It?
- How is dust created?
- What is dust?
- Why does dust put a strain on the network?
- Dust on the Lightning Network?
- What Is a Dust Attack?
- The Future of Micropayments on Lightning