Post
Topic
Board Development & Technical Discussion
Merits 2 from 2 users
Re: Why are transactions much faster now?
by
Carlton Banks
on 26/01/2018, 14:09:16 UTC
⭐ Merited by TheQuin (1) ,exstasie (1)
the network fees what block chain use to charge before and now has a drastic change.

The network isn't setting the price of fees, it's users are.

This is either the result of people using badly written fee estimator websites, or bad wallet software estimates, or even just users blindly picking a fee without knowing or caring how low fees are (people are still choosing 200 satoshis/byte and even 1000 satoshis/byte in the last week, when they could've paid from 10-50 various points throughout the week and gotten the same speed of confirmation)

https://jochen-hoenicke.de/queue is the best website to use, the other popular websites are misleading or poorly laid out.