The Commission for transactions in the Bitcoin network has reached a six-month minimum
Bitcoin is one of the most volatile cryptocurrencies. It is called a crypto currency number one, “Batey” or the king of the cryptocurrencies… And there is every reason for that. Recently, the Commission for transactions in the Bitcoin network has become lower than in the competing Bitcoin Cash network. That calls into question the very idea of the appearance of this cryptocurrency.
As the number of users in the Bitcoin network increases, commissions and transaction times have increased. For a small transaction had to pay an incredibly high Commission, which naturally made meaningless all transactions with small amounts.
Numerous media outlets, including us, talked about how the different companies stop prinimat bitcoin for payment iza of the high fees. But now, thanks to several factors, the transaction cost in the Bitcoin network is less than in the Bitcoin Cash network.
In fact, commissions decreased by 97% of their peak, when each transaction had to pay about $ 34. At the time of writing, the Commission on the Bitcoin network is only 0.79 cents (according to bitcoinfees.info).
At the time of writing, the Commission on the Bitcoin network is only 0.79 cents.
Of course, the number of transactions has decreased now, but the main reason is not that, but that the change in the Protocol of the Bitcoin network called SegWit is gaining popularity.
SegWit was implemented a long time ago, but until recently it was not used by all market players. Two days ago, the largest cryptocurrency exchanger in the United States, Coinbase said that next week they all their customers are transferred to the wallets supporting Segregated Witness technology. The second major platform, which announced its support for SegWit, is the cryptocurrency exchange Bitfinex.
And yesterday it became known that the new version of the main wallet bitcoin core network Will also support SegWit.
All this can lead to an even greater drop in the price of a transaction in the Bitcoin network.