Bitcoin : the bitcoin core fee market right now
It seems the actors have learnt what is a proper fee, there is a small pile up of transactions every evening (utc), where the lowest transaction fee offers will have to wait a few hours, which is acceptable for some purposes. The effect is rather stable fees, at about 100 times higher in value (2-20 sat/B) than those for bitcoin cash.
This is what I expect for the future: rather stable fees, because the actors remember the past episodes and take them into account, with the risk of delay.
Observing a really free, world wide, market is truly fascinating.
ref the four day chart on: https://jochen-hoenicke.de/queue/#0,4d
Bitcoin
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.
Author: ErdoganTalk
Score: 4
Don’t forget to share the post if you love it !
