Post
Topic
Board Bitcoin Discussion
Re: Fees in Bitcoin are perplexing
by
Ruderalis
on 30/11/2017, 19:03:20 UTC
Hi shakenbake666,

It could be hard to explain why these high fees in a few words but I'll try. There is a limit on the number of transactions that can be processed by the miners each block (cause of these blocks have a limit of 1mb) so with the number of transactions growing, fees makes your transaction more "appreciated" for miners to be included in the next block, the more transactions the more high fees for validate it (and more time to get it) these is basically why the transactions have been growing in the last years, and the reasons of the scalability debate that finished with the hard fork of bitcoin cash. Then I would like recommend you to find more about bitcoin cash raison d'etre