Transaction costs are a hot topic of debate in the world of cryptocurrency. There is a lot of discussion about the cost versus Bitcoin Bitcoin Cash in this case. Bitcoin transactions costs now seems an average lower than the BCH. As usual, the temporary snapshot can look very different in a few hours.
Bitcoin costs in perspective
When directly comparing the BTC and costs BCH, it seems there is no real contest. Bitcoin transactions are Cash costs are much lower compared with the world's leading cryptocurrency. In fact, the cost of the BHC is relatively flat for some time now. Bitcoin costs, on the other hand, erratic as usual.
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However, the snapshot while often tell the story differently. Tweet by Ven Verret shows a cost lower than BTC BCH in a period of six hours. An interesting development, even though it only tells part of the story. The screenshot itself shows this fee for Bitcoin has surged in just an hour or two earlier. Why the sudden improvement that happens, remains a bit unclear for the moment.
This does not mean Bitcoin suddenly become cheaper to use. When the set time of the transactions correctly, it could be the case in the meantime. In addition, users with patience can still send transactions on 1 Satoshi per byte. It may take a few hours to confirm, but this is another interesting option to search. When looking at the bigger picture, however, the BCH remains a cheaper option with a little margin.
The Debate Continues
As usually happens when trends such as these are shown, the public reaction is palpable. Proponents of Cash does not accept Bitcoin development is fine. However, they also show how the cost of TX their average 0.24 cents or lower. It was quite cheap, although others would argue this. The use of a whole network of BCH compared with Bitcoin is very different.
The larger question is how this situation will evolve. More specifically, there is a growing need for transactions Bitcoin faster and cheaper. A network of Lightning can effectively provide that functionality. Thanks to the growth of payment channels, seems a logical development can occur immediately. However, this technology is still in beta testing, and launch of the "official" has not been announced.
Developments like this interesting to continue to watch out for. However, keeping the bigger picture in mind need to be top priority first and foremost. The image clearly shows the Bitcoin has the highest market capitalization and Bitcoin Cash remains the altcoin. This also shows that Bitcoin has higher costs in General, and the situation it may not be immediately changed. Thus, the current status quo between BC and BCH would not benefit the currency.