Bitcoin is accompanied by the same problems that its users faced significantly at the turn of 2017 and 2018, or more recently holders of ether. The growing interest in the digital currency is also reflected in rising transaction fees. For bitcoin payment processing, users currently have to pay transaction fees in the order of several dollars or more.
According to the portal Ycharts reaches an average transaction fee of almost $ 12. This is the highest value since the end of 2017. The median is then according to the server Bitcoinfees three dollars lower. In practice, however, you can save significantly on fees.
Development of the average amount of the transaction fee for the last yearAuthor: YCharts
For example, the pre-written Trezor hardware wallet allowed bitcoin to be sent with confirmation within twenty minutes for about four dollars. Those who have no problem waiting for the final confirmation of payment will save even more.
A sharp increase in transaction fees is typical for cryptocurrencies at a time of incipient or advanced investment mania.
–
–
This is partly because some speculators are trying to get their digital coins on the cryptocurrency exchange as quickly as possible (that is, at the cost of burnt fees) so that they can sell them profitably.
According to the portal, it contributes to the current clogging of the bitcoin network Coindesk as well as a temporary decline in its output due to the failure of Chinese miners. Miners, by their very nature, provide the necessary computer power for the smooth operation of the bitcoin payment system.
A relatively small proportion of bitcoin owners do not have to bother with expensive payments at all. However, only if they use digital wallets supporting a relatively new technological solution called Lightning Network.
–
–
This is a special secondary layer deployed on a bitcoin network. The goal of this solution is to radically reduce the price of cryptocurrency so that fees shrink from a few dollars to a few pennies. Such conveniences are supported, for example, by Phoenix or BlueWallet wallets.
“Unfortunately, this solution is not popularized and people do not use it much. They are probably worried about the security of transactions, or they are not aware of new possibilities, “Štěpán Křeček, an economist at BH Securities, told E15 in the summer.
Kryptoměny
