How to Check Median BTC and BCH Transaction Fees

How to Check Median BTC and BCH Transaction Fees
фото показано с : news.bitcoin.com

2019-5-20 13:55

Transaction fees are the cost that cryptocurrency users have to bear in order to keep the system going. Fees can vary significantly between networks and it is important to be able to check this before you decide which cryptocurrency to use for making your digital payments.

Also Read: Bitcoin Cash Upgrade and 30K Stores Accepting BCH in the Weekly Update From Bitcoin.com

Transaction Fees Differ by Orders of Magnitude

Bitcoinfees.cash is a website which tracks the median transaction fees for both bitcoin core (BTC) and bitcoin cash (BCH). The site displays the current median transaction fees alongside one another as well as a graph of historical median BTC and BCH transaction fees.

The median fees listed on the site are based on the past week of transaction data sourced from a few API providers. The live fee data is updated about every 10 minutes and the historical charts are updated weekly.

Note that each coin has a different reference point as BTC fees are orders of magnitude more expensive than those for BCH. For example, the current median fee for BTC is $1.72, which is over 1,500 times higher than the current median fee BCH of just $0.0011.

The website offers an explanation for anyone out of the loop as to why BTC fees are so expensive compared with BCH and examines why they can skyrocket during times of congestion, as has happened in the past when many new users entered the market and were daunted by BTC’s high network fees.

What do you think about current BTC and BCH transaction fees? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post How to Check Median BTC and BCH Transaction Fees appeared first on Bitcoin News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0031795 (-100%)

fees transaction check btc bitcoin cryptocurrency bch

fees transaction → Результатов: 126


Ethereum Is Overtaking Bitcoin In Daily Transaction Fees; Is USDt’s Omni to ERC20 Switch The Cause?

Ethereum is inches away from overtaking BTC in daily transaction fees — in comparison to BTC’s $185,993 on Sept. 15, ETH had $182,899 daily transaction fees. However, it won’t be the first time. Transaction fees represent real network demand and usage but some argue high fees could be detrimental to a crypto network. However, in […]

2019-9-17 16:05


Фото:

Litecoin (LTC) Transaction Fees To Be Drastically Slashed, Dev Calls For Adoption

Litecoin Tx Fees To Be Reduced By 10x In Upcoming Core Release Since fees temporarily eclipsed $50 per Bitcoin transaction at the peak of 2017’s unprecedented bull run, which saw BTC rise from $1,000 to $20,000 in a 12-month time span, the topic of scaling solutions and reducing transaction (tx) fees have been on the minds […] The post Litecoin (LTC) Transaction Fees To Be Drastically Slashed, Dev Calls For Adoption appeared first on Ethereum World News.

2018-10-21 02:47


Litecoin Will Fly If It Makes The Most Of Social Media

The pursuit for cryptocurrency adoption seems to focus on three major cryptocurrencies, Bitcoin, Bitcoin Cash and Litecoin. Indeed, this isn’t to disregard the likes of XRP and Stellar, both of which also provide a solid use in mainstream society, however in terms of worldwide societal adoption, Bitcoin, Bitcoin Cash and Litecoin tend to be the go-to currencies.

2018-10-10 16:30


Justin Sun Claim’s TRON’s Latest Update Will Make It ‘200x Faster’ Than Ethereum, ‘100x Cheaper’ Than EOS

Justin Sun, CEO of eleventh-ranked cryptocurrency TRON, took to Twitter this week to lay down some big claims for his platform’s latest ‘Odyssey 3.1′ update. The new upgrade has been promised to drastically reduce transaction costs to 1 percent of EOS’ current fees, while ramping up TRON’s network speeds to 200 times faster than leading… The post Justin Sun Claim’s TRON’s Latest Update Will Make It ‘200x Faster’ Than Ethereum, ‘100x Cheaper’ Than EOS appeared first on UNHASHED.

2018-10-10 22:38


Фото:

Coinbase рассказала о системе для высвобождения «застрявших» bitcoin-платежей

Американская криптовалютная биржа Coinbase, базирующаяся в Сан-Франциско, рассказала о проблеме, связанной с «застрявшими» bitcoin-платежами, и путях ее решения. Высвободить такие платежи помогает система Child Pays for Parent (CPFP), созданная площадкой.

2018-10-4 14:14


The Lightning Network and Litecoin (LTC) can Drive Everyday Crypto Payments and Spending

The Lightning Network was created to be the answer to Bitcoin’s slow transaction time and high fees.  Without this improvement in speed and efficiency, everyday spending is impractical. It doesn’t make sense to buy something for only a few dollars if the fees are double or even triple of the price of the item you […] The post The Lightning Network and Litecoin (LTC) can Drive Everyday Crypto Payments and Spending appeared first on ZyCrypto.

2018-9-27 22:27