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Why transaction fees should be low or zero by Cointelegraph


Why low or no transaction fees are important

Transaction fees were rampant during the wild bull run. They can be found on the blockchain Hit eye-watering highs of $196.638 back in May — rendering the network unusable for most everyday consumers.

The blockchain was hit by a similar problem last year, with a record-breaking $333.331. When demand is high, it’s easy for Proof-of-Work networks to get congested — prompting miners to prioritize the transactions with the highest fees.

Material is provided in partnership HitBTC

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