Why bitcoin transaction fees could plummet
Callum seems to take care of that! Is it helpful or even appropriate if I resteem some or all of your most helpful posts? Whoops I did it already!? Will this also means that if antpool like to have more transaction fees, they would just 'withdraw' the amount of hashpower from the network?
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For more information about SteemitBoard, click here. If you no longer want to receive notifications, reply to this comment with the word STOP. By upvoting this notification, you can help all Steemit users. Bitcoin transaction fees plummet as Antpool adds more miners. Bitcoin fees drop as more hashpower is added Recently, Bitcoin transaction fees have decreased significantly, whilst unconfirmed transactions are also very low.
But Callum, what's causing this? One might wonder why the Bitcoin network is suddenly so efficient and cheap. Was it the people supporting small blocks? The people supporting large blocks? Heck, was it Satoshi Nakamoto, the anonymous and disappeared-for-years creator of Bitcoin?
However, if the explanation is that people all of a sudden started dropping off of spending bitcoin, then why did that drop happen so consistently over the last month, but not prior, when fees were equally as bad for quite a while?
Why did the drop coincide with the New York Agreement? Obviously, correlation is not causation, but the coincidence is remarkable. Another amazing thing is that hardly anyone is talking about it.
To me, this is one of the most important bitcoin stories of the year-so-far. Please share the good news! A quick google will reveal a large variety of opinions on the subject. Thanks for reading and sharing this article!
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A new payment platform that is supported by blockchain technology. More and more financial companies are now following the. European countries and other nations from around the world are having a hard time coping with the General Data. Nokia, the Finnish company up to shaping the future technology to transform the human experience, is at it again. Nowadays, the competitive business world focuses a lot on how the digital currency market is doing. Cryptos are reaching new heights!
Bitcoin is still rising! Bitcoin is truly unstoppable! It continues to break its records over and over! Have you noticed the change in Bitcoin fees?
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