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How AI Can Help You Avoid Overpaying for Bitcoin Transactions
Manage episode 515058416 series 3474385
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AI-driven framework FENN predicts optimal Bitcoin transaction fees in real time, improving accuracy and preventing overpayment or confirmation delays.
Check more stories related to tech-stories at: https://hackernoon.com/c/tech-stories. You can also check exclusive content about #bitcoin-transaction-fees, #mempool-management, #fee-rate-analysis, #bitcoin-fee-estimation, #blockchain-ai, #mempool-analysis, #btcflow, #hackernoon-top-story, and more.
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This study introduces FENN, a neural network framework designed to predict Bitcoin transaction fees more accurately than existing tools. Unlike traditional analytical models, FENN learns from multiple knowledge sources—including transaction data, mempool activity, and blockchain conditions—to recommend optimal fees that balance cost and confirmation time. Experiments using real blockchain data show that FENN achieves higher estimation accuracy and faster model training, paving the way for smarter, real-time fee prediction in the Bitcoin network.
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