Greedy Bitcoin Traders Drive Fees up 200% – Here’s What You Can Do

A CCN reader wrote in to ask us to explain why he has 13 payments pending in the Bitcoin blockchain. The answer is simple enough: at any time, the Bitcoin main chain can become congested. The only way to ensure Bitcoin payments arrive in a very timely fashion is to either pay the highest possible fee or use Lightning Network, which is still gaining traction. Lightning Network Usage Dwarfed by Main Chain Usage For all the fanfare, regular Bitcoin wallet users vastly outnumber Lightning’s users . Therefore, miners are cleaning up in terms of fees right now. According to a The post Greedy Bitcoin Traders Drive Fees up 200% – Here’s What You Can Do appeared first on CCN