Bitcoin’s Average Fees Reduced by 4000% – Details

Bitcoin's Average Fees Reduced by 4000%

Thanks to SegWit and payment batching, Bitcoin’s average fees have plummeted to $0.50 and are down from the $20 we saw in December 2017. SegWit seems to be working and exchanges have also been batching their transactions more, which has helped keep fees manageable. Although Bitcoin’s throughput remains relatively low, the dropoff in fees is a positive sign that the leading cryptocurrency is slowly scaling to meet demand.

It is of no doubt that cryptocurrency is taking over from the fiat currencies and that by 2030 there would have been a full blown use of cryptocurrenceies and digital assets across the globe God willing. The fact that Bitcoin Average Fees Reduced by 4000% is a sign of a better future.

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