Bitcoin Fees Drop with Lightning Network Adoption The Lightning Network, a second layer scaling solution for bitcoin, has gained more traction this year as more users and businesses adopt it. This has led to a significant reduction in transaction fees, making bitcoin transactions more affordable and faster. The network is now processing over 1,000 BTC ($10 million) in transaction volume daily, with fees as low as 1 satoshi per byte. This has been a game changer for bitcoin and has made it more attractive for everyday use. Ethereum Gas Prices Drop with EIP-1559 Implementation Ethereum, the second largest cryptocurrency by market capitalization, has also seen a decrease in transaction fees thanks to the implementation of EIP-1559. This upgrade has introduced a new fee structure that aims to reduce volatility in gas prices and make transactions more predictable and affordable. As a result, the average gas price on Ethereum has dropped by over 80%, making it more cost-effective for ...
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