The cost of each transaction is one of the hottest or most interesting topics in the cryptocurrency debate. There are many disputes between Bitcoin and Bitcoin cash. In this sense, the average cost per bitcoin transaction now seems to be lower than the bit cash, so the conclusions about this situation will come out soon.
Correct Look at the Cost
of Bitcoin's Transactions When comparing the transaction costs of Bitcoin and Bitcoin directly, everything seems to indicate that there is no real competition.
However, one must admit that the cost of trading with bit cash is much lower than bitcoin. In fact, the situation of bit cash has been relatively stable, while the situation of BTC is unstable.
However, if they temporarily capture this phenomenon, they will soon find that the actual situation is different from the report. A recent tweet from Ven Verret shows that the cost per transaction for Bitcoin transactions is lower than the BCH for six hours. That is to say, depending on the time at which these fees are charged, it may be higher to use BTC than to use BCH.
From these data, it cannot be said that the bitcoin transaction fee has suddenly dropped. If the time is managed correctly, it may be temporary in some cases. In addition, users will be able to continue to send their transactions in bytes. Of course, completing this process will take too much time, but it is an alternative.
The debate on bitcoin and bitcoin continues
as usual, and trends like this have become the focus of attention, and debates have emerged soon. In this regard, those who support bit cash do not accept this statement in good faith, but they emphasize that this option is more economical in the longer term.
Bitcoin Lightning Network: Lower transaction fees and faster
The core issue in the above context is what the impact of the Lightning Network on Bitcoin will be and whether it will effectively change the conditions under which the network operates.
This growth seems to happen soon due to the growth of payment channels. In addition, the technology is still in beta and has not been officially released or announced.
In short, developments like the above are interesting, and we must pay attention to what might happen to these developments, and they have not been forgotten as a priority for the sector. Similarly, it should not be overlooked that Bitcoin is still the currency with the highest market value. Bit cash will still be a token, but are these changes enough to change the dominant position?