We all know that recently, a huge backlog of transaction of at least 50,000 at any point of time.
And one of the solution is to increase the transaction fee. Which defeat the purpose of micro-transaction
with bitcoin.
Is this the miners fault alone? Who do you think need to step up to stop this madness
of increasing transaction fees?
What's your thought about it?
There is no way to avoid this as it will continue to be on the increase because we dont have a choice or else the transaction will take forever to complete. Assigning blame will not really reduce the cost but the wallet managers like Xapo or Blockchain are those that should do more to reduce the cost to a bearable minimum.