Marathon Digital Holdings Launches Live Bitcoin Transaction Delivery Service

Marathon Digital Holdings, a Bitcoin mining and digital asset technology company headquartered in Las Vegas, Nevada, recently announced a new live Bitcoin transaction submission service called Slipstream.

The new service is designed and implemented to facilitate and accelerate large and/or informal Bitcoin transactions.

Typically, Bitcoin transactions that are too large or too complex to fit on the blockchain are typically delayed to complete while simple transactions are in progress. This can be frustrating for groups or individuals who trade frequently and frequently.

According to a press release seen by Cointelegraph, Marathon Digital's new “Slipstream” service was designed and tested to overcome these limitations.

“While direct marketing offers services, most are basic. Slipstream provides advanced users with simple, transparent, and reliable ways to add complex Bitcoin transactions to the blockchain, as long as they adhere to Bitcoin's protocol. Marathon is uniquely qualified to provide these services because of our scale, our mining pool and our team's technological expertise.

Marathon Digital is one of the largest, most active Bitcoin miners in the world. According to Cointelegraph, In December 2023, he minted 1,853 bitcoins, breaking the company's record. The year ended with the company issuing 12,852 bitcoins, representing a total of over half a billion dollars.

Half of it

There is a countdown to the next Bitcoin halving, which is predicted to happen somewhere around the third week of April. This prediction is based on the number of remaining blocks and the average time it currently takes to mine.

While most analysts predict continued price increases for the bitcoin asset, there is considerable uncertainty as to how the halving will affect miners.

Typically, Bitcoin has experienced periods of sharp decline after a halving. But the term “halving” indicates that the payment for mining on the Bitcoin blockchain will be reduced by 50% – from 6.25 BTC to 3.125 BTC per block.

Mining after April

The confusion surrounding the earlier halves had already led to a rebalancing of the field. However, Marathon Digital claims to hold more than 15,000 BTC as part of a war chest worth more than $1 billion.

Marathon Digital Holdings December 2023 #Bitcoin Product Update is here:

– BTC to record 1,853 BTC production in December and 12,852 in 2023 – Average operational hash rate up 18% M/M to 22.4 EH/s – BTC Holdings now over 15,000, total cash and BTC at $1.0B to…

— Marathon Digital Holdings (NASDAQ: MARA ) (@MarthonDH) January 4, 2024

While some analysts predicted that its closest US rival Riot Platforms could come out ahead, Marathon surprisingly took the lead in its first race until April.