The Coin Detective
Coins:
1987
Market cap:
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Volume 24h:
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BTC dominance:
51.3%

The Litecoin Advantage: Avoiding Costly Bitcoin Transaction Fee Mistakes

By lookintolitecoin.com on November 23, 2023


On Thanksgiving, a Bitcoin user paid an exorbitant transaction fee of $3.1 million for transferring 139 BTC. This has once again highlighted the challenges associated with congestion on the Bitcoin network. In contrast, the Litecoin network offers the same properties of Bitcoin, with transaction fees consistently staying under a penny. The sender sent 139 BTC but only ended up with 55 BTC spending 83 BTC as a transaction fee. The mining pool Antpool was the winner of block 818087. It appears the

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Related coins: Bitcoin, Litecoin