[ad_1]
The cryptocurrency ecosystem has always been competitive, with chips seeking to consolidate their legitimacy and to be adopted around the world. At the time of the press, the total market capitalization of cryptocurrencies was $ 121 billion and the market volume over the last 24 hours was about $ 25 million, after a substantial increase in the stock market value this year.
However, this did not prevent the constant difference between digital badets and the recently tweeted Twitter account name Bitcoin by comparing the Litecoin and Bitcoin Cash transaction fees.
Bitcoin tweeted:
Source: Twitter
Bitcoin Cash is the result of a difficult operation coming into effect in August 2017, when a group of developers wanted to increase Bitcoin's block size and developed a code for it. This caused a conflict case and, as a result, the Bitcoin blockchain was split in two.
The developer group also included Roger Ver, one of BCH's current major promoters. Roger Ver recently tweeted about the Bitcoin block size limit and said:
Source: Twitter
The Bitcoin tweet mentioned the difference between the transaction rates of Litecoin and Bitcoin Cash, highlighting the fact that Bitcoin Cash is a more viable and less expensive option than Litecoin, which is supposed to be the cheapest solution on the market. cryptocurrency.
According to bitinfocharts, it is clear that the average transaction fee for Litecoin is $ 0.0259 compared to the average transaction fee of Bitcoin Cash, which is only 0.0004 as of February 8, 2019. This chart is valid also the tweet and strengthens the BCH own funds claim to be the cheapest option.
Source: Twitter
However, if we look at the daily transaction chart, we can see that Litecoin is still the preferred option for Bitcoin Cash transactions because it has recorded a total of 31,023K BCH 10,038K transactions.
Source: Twitter
A publisher named Lubokkanev commented on the tweet and said that:
"It's an absurd comparison. A string has solid blocks or not. BCH will not have a complete block until many people will use it, hopefully never. Currently, LTC does not have complete blocks, but does not want to have big blocks. Therefore, it is not suitable for a global system of chain payment.
The main editor named OlavOlsm who posted the tweet replied:
"That's the goal.The blocks are more complete on LTC than on BCH, so the fees are higher.It was much worse a year ago.Bitcoin had a lot more fees than Litecoin. at that time, but Litecoin also had a lot more fees than Bitcoin Cash.Bitcoin Cash never had a full block and experienced the so-called tax market.The goal is to avoid such competition because the taxes must always be as small as possible.If the price increases enough, the minimum amount per byte will be reduced, I'm sure, but for Litecoin, this is not the case.
Subscribe to the AMBCrypto newsletter
[ad_2]
Source link
