Post
Topic
Board Bitcoin Discussion
Re: Reduced transaction fees
by
SupportBitcoin
on 28/11/2017, 01:58:29 UTC
As the value of BTC has increased almost 10 fold, do we expect the fees to come down? The charge for small transactions are very high right now.

There is some new technology floating around called Lightning Network. It's off chain so it frees up the bandwidth of the actual blockchain. I see real potential in this. As more users flood the block chain and use Bitcoin, the mining times will be slower and fees higher. LN is a good solution to this problem that continues to decline. I'm keeping up to date on their development.