Bitcoins and fee

You got to pay the price to ride….

In this case almost 30 dollars per transactions :O

Bitcoins is booming! Along with its fees. The fee is what you pay the person who is mining and also includes your Bitcoin transaction in to the ledger. If you pay a higher fee you could get a faster transaction than if you go for  a lower fee.

One of the possible solutions is what is called the Lightning NEtwork. The idea behind is that everyday small transactions like buying something small (coffee, water, etc) does not register into the main ledger.

The video below explains it very well.

You can follow Xavier (the creator of the above video) and learn a lot about basic topics on Bitcoin.

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