Bitcoin hasn’t (yet) fulfilled its original promise of being widely-used electronic cash, but it still offers some features that would be hard to achieve within the traditional banking system. Namely, moving $1.1 billion from one address to another, in a single transaction that took minutes and cost just $80.
The details of the transaction, which happened late on Tuesday, can be seen here. A total of 124,946.6 BTC were moved, which were worth roughly $1.1 billion at the time. The transaction fee was 0.0096 BTC, or around $83.
Anyone controlling that much bitcoin is called a “whale” in Bitcoin lingo
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