Bitcoins π₯ transaction π volume in December #2018 increased to levels not seen since the #December #2017 crypto #bubble π , over 350,000 transactions.
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Despite this, transaction fees haven stayed low β¬οΈ, around 25 cents per transaction. This tells us two things:
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More people πΆ are trading and or actually using #crypto (adoption).
The Bitcoin π₯ #network is properly scaling so it can efficiently handle ππ»ββοΈ higher volumes of transactions.
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The efficiency #gains can be attributed to SegWit, a soft fork π΄upgrade that the Bitcoin software π» received in 2017, which made transactions take up less space on the #blockchain π¦.
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Currently only about 60% of bitcoin wallets have activated SegWit βοΈso costs should continue to go down as #SegWit βοΈ activation continues.
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Lighting Network β‘οΈ, another potential Bitcoin #upgrade could reduce transaction fees to less than a penny in the #future .
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Currently, companies like 
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Bitcoin π₯will continue to #develop and mature, but itβs also #important to stop and realize the #progress it has made already.
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