Bitcoin (BTC) transaction fees have dipped below than those of Bitcoin Cash (BCH), marking a blow to one of the hard fork’s central remits.
Battle Of The Satoshis
Data from monitoring resources Wednesday confirms the turnaround as BTC continues to see a drop in transaction fees not seen for six months.
In terms of satoshis, the cryptocurrency’s smallest possible unit, BCH’s lower value means a transaction fee of 10,000 sat provides worse value than an equivalent 10,000 sat fee sent in BTC.
The drop also marks a 97% decline to about $ 0.79 cents from the peak of $ 34 in USD terms.