Sentences with phrase «decreasing average transaction fees»
Since such services account for a large chunk of all transactions on the Bitcoin network, this could significantly decrease network congestion, thereby decreasing average transaction fees and confirmation times, even for those who do not use these services.
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The average transaction fee for a 225 - byte transaction decreased from between $ 40 and $ 60 to $ 1.90.
This is meant to decrease average wait time for transaction confirmation and to lower transaction fees in a method referred to as on - chain scaling.
The company attributed the decrease to lower transaction volume and average home - sale prices, as well as lower relocation services revenue as the result of a decline in volume for home - sale and referral fee transactions.