The commission in Bitcoin networt is 1 Satoshi for byte

Home » BITCOIN » The commission in Bitcoin networt is 1 Satoshi for byte
2018-03-26
The commission in Bitcoin networt is 1 Satoshi for byte

On March 26, the cost of transaction of bitcoin reached a record minimum. Users need to pay only 1 Satoshi for byte for their transaction to be included in the following block. In other words, now transaction for the minimum commission will be confirmed withing approximately 10 minutes.

Meanwhile, the average commission for transaction of bitcoins, according to bitinfocharts.com, makes $1,23. We will note that in the period of peak values of the price of bitcoin in December, 2017, the commission for transfer of bitcoins reached a maximum of $55.

Among the reasons of decrease in the commissions experts name the usage by the large organizations and crypto exchanges of batch operation of transactions. Besides, according to them, the technology of scaling Segregated Witness could render positive influence.

According to segwit.party, the number of SegWit-transactions continues to increase: at present they make 30%-35% of all transactions in the network of Bitcoin.

In the end of February, the commission fell to an absolute historical minimum, reaching value less than one Satoshi for byte. Back then, it was possible to carry out transaction at the commission less than ten cents (about 100 Satoshi).

CRYPTOCURRENCIES
  • bitcoinBitcoin$3,986.38
  • ethereumEthereum$135.19
  • rippleXRP$0.310785
  • tetherTether$1.00
  • eosEOS$3.62
  • stellarStellar$0.106362
  • litecoinLitecoin$58.59
  • cardanoCardano$0.053116
  • tronTRON$0.022216
  • moneroMonero$52.34
  • iotaIOTA$0.309222
  • nemNEM$0.048362
  • dashDash$90.18
  • neoNEO$8.98
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 41
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 40
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 40
Anton Vokrug, the CEO of DataTrading, about the financial markets and cryptocurrencies
The topic of cryptocurrency regulation will be actual for several more years in Ukraine. The Government of Ukraine has already taken steps towards the adoption of relevant cryptocurrency-related laws. In particular, the Ukrainian officials work on the legalization of the project “The Concept of State Policy in the Field of Virtual Assets”. However, what does the regulation really mean […]
2019-02-27 0 142
© 2017–2018