Some of them are simple forks of successful technologies, such as Bitcoin or For an average transaction size of bytes, a fee of 81, Satoshis is. SATOSHI = USD (one dollar, 67 cents). Each Bitcoin is equal to million Satoshis, making a Satoshi the smallest unit of Bitcoin currently recorded. The average size of a transaction is around bytes, so the fee attached would be of 81, satoshis, or a total of almost eight dollars. MCGINLEY DYNAMIC INDICATOR FOREX FREE

Think 10, 20, 30 years. Simply put; it's as big a game changer as the internet. Or cel phones. Or sliced bread. Paper money in , 30 years from now, will be like a payphone That said; the TX fees for Bitcoin I really don't think will be a deal breaker in the long run. Forking the current Bitcoin protocol; is needless to say, complicated- technicalities aside It's the politics involved within the Crypto community that are stiffling any major changes or new adoptions to the existing blockchain structure.

However; I think that the crypto community as a whole will, and, has already found ways or are developing workable solutions to sending digital currencies with little to no TX fee. Treating BTC as your primary currency or bank, and relying on the larger trading exchanges to convert BTC to the countless alt-coins, some of which have fairly, if not very, stable trading price ranges.

This specifically applies to the some of the long term established altcoins that trade in the double, triple, or quadruple satoshi range. Having altcoins which trade with very narrow rivers sometimes a single satoshi allows users to convert their BTC to "alt" and then withdraw to their alt-wallet. While not a huge concern of mine; people also are using the altcoins for better anonymity for their transactions.

They have become unreasonable to the point of abandoning one of the major promises of Bitcoin: the ability to make payments for free or inexpensively. I will keep an eye on these stats for some time to see how they will change between now and the end of November, and will log these changes here. Why end of November?

I have selected a period between the actual SegWit2x lock-in date 2 days from now and the following 4 months or so based on the timeline reported by Coindesk see below. This should give us some sense as to where things are going and whether the whole effort will lead to reduced transfer fees. Remember, SegWit2x is now about to lock in, but the rules of the game will only change a couple of months down the line.

Bitcoin Scaling Timeline by Coindesk Jul 21, Average fastest and cheapest Bitcoin transaction costs satoshi per byte. For a median transaction length of bytes, this results in a fee of 58, satoshi. Jul 30, Average fastest and cheapest Bitcoin transaction costs satoshi per byte. For a median transaction length of bytes, this results in a fee of 54, satoshi.

Aug 1, Average fastest and cheapest Bitcoin transaction costs 60 satoshi per byte. For a median transaction length of bytes, this results in a fee of 13, satoshi. Aug 2, Average fastest and cheapest Bitcoin transaction costs satoshi per byte. For a median transaction length of bytes, this results in a fee of 27, satoshi. Aug 3, Average fastest and cheapest Bitcoin transaction costs satoshi per byte. For a median transaction length of bytes, this results in a fee of 31, satoshi.

Aug 14, Average fastest and cheapest Bitcoin transaction costs satoshi per byte. For a median transaction length of bytes, this results in a fee of 67, satoshi. Aug 16, Average fastest and cheapest Bitcoin transaction costs satoshi per byte. For a median transaction length of bytes, this results in a fee of 76, satoshi.

Aug 19, Average fastest and cheapest Bitcoin transaction costs satoshi per byte.

ENANGUDI FOREX MARKET

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