Rise In Bitcoin Fee Has Benefited Altcoins
In order to maximize investments, the Altcoins offered an alternative solution. It doesn’t end here, there are many alternative offerings having lower transaction fees.
The Bitcoin transaction fees have been going up in the last two years, according to the chart found on Reddit. It is not just a regular small increase, there are multiple spikes shown by the graph between 2014 and 2016. As the value of Bitcoin increases, the transaction fee per block goes up.
The Altcoins will get huge benefited from the transaction fees of Bitcoin
This might not sound a good news for the people, who wants to use the Bitcoin because there will be a big transaction fee need to be paid to the miners. They will be able to complete the task to insure that all the new transactions are recorded on the blockchain after every ten minutes. It is not the first time, when the transaction fees of Bitcoin have gone up because there have been many incidents in the past, that results the users to pay more fees.
There are many investors, who are looking for many other solutions. The most thing of the portfolio are the diversification and people wanting to optimize the strategy, then the Bitcoin may not be the only course of action. On the other hand, the Altcoins offers another solution, that maximize the investments. It doesn’t finish here as most of these alternatives provides much lower transaction costs than it.
There are many different types of altcoins offering a range of solutions to make the lowest transaction fees use. Both the Dash and Ethereum look much better better options to explore in the present time. The users should also keep in mind how the Dash will be supported by the Mydelium by the end of the year, which is the worth offering to explore. While the transaction fees remain virtually unchanged, the price of the Ethereum is also increasing.