Post
Topic
Board Bitcoin Discussion
Re: Crypto faster & cheaper?
by
muhammedb
on 05/08/2018, 09:47:40 UTC
Bitcoin fees are higher than any other coin. This is due to a lack of scalability and thus high mining fees, which also effects transaction speeds. Ethereum and LiteCoin have much lower fees and send much faster. XRP is cheaper and faster than that. IOTA is free but their wallet is not quite up to par yet. This market is still very young and growing. Eventually these issues will be worked out. But the great thing about competition is that you can choose which method you want to use. And if you’d rather stay in the fiat world you’re free to do that as well.
I guess you are right the transaction fee and bitcoin speed is not encourage it just too high and slow this is also a may reason why bitcoin price is going down because many people are deviating from bitcoin to other altcoins which there transaction fee is more low and faster i think it will really be nice if bitcoin can work on it transactions speed and fee.