Bitcoin Transaction fees are Dropping to $1, Can this be sustained Long-Term?
Bitcoin Transaction fees are Dropping to $1, Can this be sustained Long-Term?
Over the past few days, bitcoin transaction fees have dropped to around $1 for median-size payments, even though the bitcoin mempool size has remained relatively high at above 120 million bytes.
$1 Fees
Widely utilized bitcoin wallet platforms like Blockchain are recommending a fee of 55 satoshis per byte, which round up to just above $1 for median-size transactions. Previously, merely one month ago, bitcoin transactions increased to $30 for median-size transactions, particularly on non-Segregated Witness (SegWit) wallet platforms and exchanges.
i was quite surprised this morning to only pay $1 transaction fee
Congratulations @farnadas! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP