Post
Topic
Board Bitcoin Discussion
Re: All eyes on Japan in 2018
by
Calangaman
on 28/12/2017, 15:53:12 UTC
Of course do altcoins offer cheaper transaction fees, because their networks don't experience any sort of actual usage. None of the altcoins in this market comes even close to how robust and secure Bitcoin's network is, and that premium will cost you, it's that simple. I must however admit that at this point the fees aren't reasonable anymore, but that's something Lightning Network will take care of, so there is no need for merchants to accept whatever altcoin. This ecosystem need to start with seriously utilizing Segwit, which is something that will lower the fees a notch or two, and that's the main point everyone aims at, right? In other words, blame all the services still not having upgraded their operations.

Agreed. BTC fee problem will be solved with LN.

Meanwhile, MONA is structured in a way that can handle a much larger quantity of transactions at a cheap cost.
It was the first coin to implement Segwit and devs are also working on LN.
So it is no surprise to me that Japanese merchants now accept it.