Bitcoin Network Fee to Fall to 1 Satoshi per 1 Byte

Average commission fee for Bitcoin transactions is $ 1.23; in December 2017 it was $55

26 March 2018 1218

On March 26, the cost of the bitcoin transaction reached a record low. Users only need to pay 1 satoshi per 1 byte in order for their transaction to be included in the next block. In other words, now the transaction for a minimum commission will be confirmed in about 10 minutes.

Meanwhile, the average commission fee for bitcoins, according to bitinfocharts. com, is $ 1.23. Note that during the period of peak btc prices in December 2017, the commission for transfer of bitcoins reached a maximum of $ 55.

Among the reasons for the reduction of commissions, experts refer to the use of batch processing of transactions by large organizations and crypto-exchanges. In addition, the positive impact, they said, could be provided by the Segregated Witness scaling technology.

SegWit Transactions

According to segwit. party, the number of SegWit-transactions continues to increase: at the moment they make up 30% -35% of all transactions in the bitcoin network.

Bitcoin Blockchain

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future

22 March 2019 108

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum, CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login.

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.