Quote from: alyssa85 on January 27, 2018, 05:28:22 PM

Quote from: peterthegreat on January 27, 2018, 05:19:05 PM

I think Bitcoin fees have reduced recently. Is it due to Segwit?

They ARE reducing, only about 29,000 transactions in the mempool now, down from over 200,000 in mid December:

https://dedi.jochen-hoenicke.de/queue/#24h

I think two things are happening. Bitcoin's price was at an all time high in mid December and a lot of those transactions were from people hurriedly sending coins to the exchanges to cash out. Now that the price has fallen, people are hodling again.

Also - I'm pretty sure a large exchange has started batching transactions. It might be Coinbase, who announced in early Jan that they were looking at doing this. In December about 50% of the mempool was just Coinbase and GDAX transactions, so if they're batching, that's a big reason the mempool has cleared.,

Coinbase has not started batching yet but its good other exchanges have started doing that. What do you think of segwits impact?