Post
Topic
Board Speculation (Altcoins)
Re: Intelligent Masternodes?
by
Flux0z
on 16/04/2020, 13:50:52 UTC
Base on the image provided it says that bitcoin transactions are expensive/high fees.

But if you are using electrum wallet, you can pay as low as 1 sat per transaction which can be confirmed within the next blocks. So, how can you say that it's a high fee if you're only paying for 1 sat. You can increase it if you want a little quicker.
As nice as that may be, people need Bitcoin transactions to be fast and cheap.
XSN's solution is capable of effectively solving the Lightning Network's current liquidity problems so people can buy actually buy coffee with Bitcoin and have it be as easy as paying with cash.

you did spoke my mind concerning the bitcoin speed of transactions. Just as we beckon on adoption. If the 8 billion people on earth massively adopt bitcoin, will btw still remain the primary mode of transactions in the digital sphere due to it slow network? We all saw what happened to ethereum at its peak some months ago

Bitcoin in it's current state wouldn't be of much use if the entire world started using it tomorrow. Transaction fees would be CRAZY high, and transaction speeds would be weakened as well.
The Lightning Network is the answer, and Stakenet building on top of it, will ultimately enhance the BTC and LTC chain massively.