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    Home » The commission for transactions in the Bitcoin network fell to the level of 2015 $ 0,029

    The commission for transactions in the Bitcoin network fell to the level of 2015 $ 0,029

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    By BlockchainJournal on January 7, 2019 News
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    Commissions for conducting transactions in the Bitcoin network fell to the lowest level in the last three years. According to the BitInfoCharts service, now the fee for a single operation on the main cryptocurrency network is only $ 0.029 .

    The representative of the crypto community Kevin Ruki on his Twitter page reported that the last time such a minimum commission for a transaction on the Bitcoin network was fixed in 2015, when the coin was trading at $ 270.

    3 years!

    Jan 1, 2019:
    Median Bitcoin tx fee = $ 0.02
    Total transactions = 234,576

    Oct 13, 2015:
    Median Bitcoin tx fee = $ 0.02
    Total transactions = 134,741 pic.twitter.com/HjNUO4ktnj

    – Kevin Rooke (@kerooke) January 4, 2019

    The expert is sure that the fall in the size of the commission does not mean that the cryptocurrency network began to process fewer operations than three years ago. Now, in fact, the bitcoin blockchain processes 75% of transactions more and makes such work more efficient. Daily, on average, the BTC network processes up to 250,000 transactions.

    The performance of the blockchain increased after the SegWit transaction processing technology was introduced in August 2017.

    In December last year, the Bitcoin network processed up to 450 transactions per day, while the coin was trading at the level of $ 20,000. The size of the transaction commission reached $ 34.

    According to analysts, the fall of Bitcoin triggered a weakening of interest of large and medium investors to this asset, which led to a reduction in the number of operations and a decrease in their value.

    Share this material on social networks and leave your opinion in the comments below.


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