There are ways to help the issue: Transaction Batching: A payment is made to multiple recipients through one on-chain transaction. Because transactions take up space in a block, and block space is limited, there is a basic economic supply/demand curve at work. People are paying almost 30 for a 100 transaction which is a mammoth percentage. Wait: the network fees fall as the congested network starts to turn people off using Bitcoin. By including those top 10 forex signal transactions in a 1 MB block that pays them more fees. The latter is the market you are in when using localbitcoins.
For example, this transaction is 257 bytes and was charged.25 in TX fees or roughly 194 Satoshi/byte. SegWit: SegWit is a soft fork that allowed an increase to the block size limit. Most Bitcoin users and traders who transact in BTC have started asking how much transaction fees one should pay for sending bitcoins. Other coins are proving to have fewer scalability issues and therefore faster processing times and cheaper fees. So to calculate an average transaction time the math is straightforward: Number of Transactions Per Block / Block Time in Seconds 2020 Transactions / 600 Seconds.37 Transactions Per Second. Waiting for your comments.