Take a bitcoin fee for a tent
Why less fees?
Users and exchanges have tried to find ways to make transactions more efficient, including batching transactions together and adopting Sagvitt. Excessive fees also encouraged the rapid testing of the Lightning Network, although there is still little to adopt for influencing Bitcoin fees. Evidence shows that the biggest driver to cut the fee was not technical, but sociological: 17 Nearly five lakh betoken transactions were sent on December. This figure is now an average of 200,000 per day.
Now, with the lowest fee in 18 months, it will be interesting to see that valves like valves will resume support for cryptoculture, or any kind of stability can be maintained, unless it can not be clear . Many companies have previously talked about alternate crypto, in which Litkin, Stellar, and Bitcoin cache have been mentioned.
I personally feel that Exchanges are really making a robbery in terms of transaction fees as now BTC tx fees is hardly 0.1 to 0.2 usd where as exchanges are charging 10 usd roughly and if the bTC price becomes 20000 usd again then this fee is 20 usd as they are charging 0.001 btc.
One thing which noticeable as the recent development in BTC is that the transaction is not only cheaper but also faster, which is really a very very great development.
Thank you and Have a great day.
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