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Author Topic: Any solution to the problem of high fees?  (Read 327 times)
mahibul49
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January 17, 2018, 06:47:39 PM
 #21

i think soon they will gonna solve this fees issue. Smiley
i heared lightning network will come in 2018 for bitcoin.it will be great.
pinkliar
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January 17, 2018, 06:50:10 PM
 #22

Is Core currently working on the solution of high fees and excessive waiting times? If so, what is it?

I imagine that for all newcomers, and those that are yet to come, it must be a nasty surprise to find the current fees.

First of all, Thanks

Accept this was the risk for that we are able to take for we all need and we have to think for this fee are on that so we dont have to file on it that you have for cause we all know that this fee is very common and accept it.

 
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Pan Troglodytes
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January 18, 2018, 09:32:03 AM
 #23

Segwit was supposed to address it along with the confirmation speed issue, but some exchanges opted not to use it, and some people don't care about it. It kind of helps, but only works when both the sender and receiver are using it.

The Lightning Network is being tested and should be ready soon. It offers instant confirmations and is predicted to lower transaction fees significantly. No idea when it will be ready though, and it's kind of reliant on Segwit.

Other than those, I don't really know.

I my previous post I stated the the LN will not necessarily help here because you need to open and than close the channel paying the reguar fee for both operations. But what I have learnt meantime is that you can open the channel to LN provider and keep it open, paying all that time virtually 0 fees. If that is confirmed in practice, that would fix the high fee problem once and for good.
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