As a test, I sent myself using 2 wallets 0.00000001BTC to see what would happen. To my surprise, it worked perfectly. That's 0.0002USD. plus, the transaction was instant.
Average transaction fees according to bitocoininfochart.com:
Bitcoin: 2.03USD + confirmation time.
Some Bitcoin fork: 0.0025USD + confirmation time. Also keeping in mind that this fork only probably has low transaction fees because it hardly has any transactions when compared to bitcoin. If it's transactions increased to bitcoin levels, those fees would go much higher. They would then increase the block size further to reduce the fees, the fees would slowly go up again and they would then increase the block size even more. And repeat and will make the block size grow to insane sizes, making it impossible for people like me to verify my own transactions, forcing me to reply in 3rd parties.
Bitcoin with LN: Less than 0.0002USD + zero confirmation time !!!
Just showing a little appreciation for the amazing work done by bitcoincore and the lightening network developers. F***ing legends.
Screenshot showing a payment of 0.00000001BTC with practically no fees via LN
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments