Mark Mason
Well-known member
Bitcoin Fees, Transactions Drop With “Off-Chain Scaling” to Other Coins - Dash Force News
Bitcoin’s high transaction fees have dropped significantly, as have transactions, as Ethereum’s and Litecoin’s have spiked.
Over the course of this year, Bitcoin’s network congestion caused fees to spike exceptionally, going from an average of 33 cents in January to an all-time high of $4.65 in early June. Since then, however, fees have taken a plunge, dropping to an average of $2.80 at present. The current second-most popular fee after $2 is now 16 cents. Early Bitcoin pioneer and Jaxx COO Charlie Shrem famously got a transaction through last month for 25 cents, confirmed quickly:
