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2020-01-19 01:09:49

Bitcoin Lightning Network: Layer now charges higher transaction fee

The Bitcoin Lightning Network layer now charges you over 0.50 dollars got outbound liquidity. Bitcoin Lightning Network Bitcoin Lightning Network (LN), which is mostly used for micropayments, now charges upwards of 0.50 dollars for outbound liquidity. The network’s transaction fee is very high when compared to networks such as Ethereum and Bitcoin Cash. While Ethereum charges 0.01 dollars, the fee on Bitcoin Cash is almost zero when compared to Bitcoin’s transaction fee. Bitcoin Lightning Network was designed as a solution to Bitcoin’s scalability issue. The network allows users to conduct trades on the Bitcoin network at a faster rate by

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