Bitcoin fees are reducing?

[vv181]

Well, it indirectly because of Segwit, many people are realized how useful Segwit is, and they utilize it perfectly. There are many people already migrating to Segwit and the leftover is still transactions at the legacy address so it will indirectly make the mempool lesser.

[wantjokull]

I think Bitcoin fees have reduced recently. Is it due to Segwit?

Nope. I think most of the transactions were stuck last time and that’s what caused the increased in the fees so that people won’t transact more and the miners will get rest on processing the transactions that already in the pending list. After this event recently, mempool was able to release most of the transaction leaving behind only 150k transaction in the pool to be confirmed and thus losing after the relaxed mode the prices came down. That’s the real reason behind the increased prices and now that is the reason for its drop down.

[abhishek273b]

   Although it is good news, it simply due to the conjecture and not due to any improvements on bitcoin's part. Unless lightning network gets implemented, we are never going to reach low fees and high speeds which would enable bitcoin to become a payment method for daily use.