RATE Group | Bitcoin Core Fees Fall to Their Lowest in Years
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Bitcoin Core Fees Fall to Their Lowest in Years

28 May Bitcoin Core Fees Fall to Their Lowest in Years

Posted at 20:51h in Bitcoin News by

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Bitcoin Core Fees Fall to Their Lowest in Years

Technology & Security

Fees on the bitcoin core network have reached their lowest in seven years, with the median cost of sending BTC currently standing at $0.11. While there are several reasons why BTC fees are low, one of them is obvious: less people are using the network. The number of daily transactions has dropped sharply since last year, and has declined further in the past month.

Also read: Blockchain Projects Live a Little Over a Year on Average, China Claims

Lower Fees, Lower Usage

It is no secret that the number of on-chain bitcoin core transactions, along with those of other blockchains, has dropped significantly since late 2017. This mirrors the decline in the valuation of bitcoin and most other digital assets during this timeframe….

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