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Bitcoin Blockchain Fees Jump To All-time Highs

At the end of last week, transaction fees on the bitcoin network reached their highest level since December 2017. Then the commissions decreased, but over the past day they increased sharply again.

According to BitinfoCharts, Bitcoin fees are now the largest in the history of the leading blockchain. This figure now exceeds $ 62.7.

Recall that at the end of 2017, commissions soared to $ 55.17 against the background of the first BTC race.

Over the past ten days, transactions have risen in price by more than 300%. In mid-April, commissions did not exceed $ 15.

Analysts attribute this trend to the congestion of the Bitcoin network. According to one of the developers of BTC Leon Johnson, the solution to the problem of increasing the throughput of bitcoin can be the use of the Lightning Network when processing transactions.

The expert emphasized:

 

Bitcoin can qualify as digital gold and fast money. Long term network fees will inevitably grow. But I believe that off-grid technologies like Lightning will ease user problems.

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