The reason for high fees is because your wallet and the services you are sending Bitcoins to do not have Segwit enabled. Segwit increases the transaction capacity in each block by almost 2x. But why is Bitcoin's biggest services not enabling it?
It is right there sitting on the network waiting to be used! Plus the increase in transaction throughput by almost 2x may not sound much but it is enough to help lower fees.
The reason for high fees is because your wallet and the services you are sending Bitcoins to do not have Segwit enabled.
i think no. i always use different wallets like electrum, blockchain, coins.ph and coinomi but why the transaction fee is still high? i dont think that these wallets do not support segwit or enabled segwit in their services. the main reason why transaction fees are high its because of bitcoin value. the higher it is , the higher the fee also but the lower it is then the fee will be lowered also.
Segwit increases the transaction capacity in each block by almost 2x. But why is Bitcoin's biggest services not enabling it?
i agree with it and infact bitcoin has undergoe for many segwits since the time it was born and introduce to the public but why bitcoin blocks are still the same that is why transactions are still getting stucked and caused a network congestion.