EYE OF 2.5 LESS THAN 0.25 DOLLARS DECREASE COMMISSIONS IN THE BITCOIN NETWORK

in #bitcoin7 years ago

During the last few months many users of cryptomonedas have expressed their complaints by the high commissions per transaction demanded in the network Bitcoin. But due to a significant decrease during the last week of pool memory size (mempool), which is the waiting area for confirmation of transactions, rates have started to fall.

More than 90% decreased the size of the mempool of the Bitcoin network, registering 1,908,052 bytes at its lowest point on July 4, when until a week ago it had a size of 32,561,006 bytes. The main consequence of this decrease has been that the calculation of Bitcoin's tariffs of the main portfolios of Bitcoin, such as Blockchain, has decreased. Now the commissions are below $ 1 and it is enough to carry out transactions in 10 minutes.

Commissions and transaction speed have become a real problem for Bitcoin network users since the network became popular. Although it is true that the blocks are still filling, and it has been suggested that the implementation of Lightning Network and SegWit, among other solutions, could improve the network's ability to make reasonable waiting times and tariffs, none of which These solutions have been applied for the moment.

In this sense, Blockchain, which uses a satoshis-by-byte basis to set commissions for users more accurately, has recommended a $ 0.19 per transaction fee for an estimated time of one hour.

Charlie Shrem, a pioneer of Bitcoin and operator of multimonedero Jaxx, published on Twitter that he made a personal transaction of 2,000 dollars in bitcoins that was confirmed in the first 6 minutes and had a cost of 0.25 cents.

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@whilcen
Good Post!
Thanks for sharing.