The fees escalating is due, in part, to the system not being able to scale.
We had tests from Blocktrades incurring significantly higher amount of traffic even without expanding the block size.
Plus there is more work being done to optimize the chain. The goal is to get it to the point where it can be run on a PC.
Posted Using LeoFinance Beta
Thanks, I think optimisation is key and hopefully everything will scale and hold out nicely. We are just a long way of the volume of Visa but the future is going to be really interesting - exciting times!
The blockchain could really handle an influx of billions of transactions a day 😲?