Data shows the Bitcoin transaction fee has recently had its biggest difference over that of Ethereum for the first time in more than five years.
Bitcoin Transaction Fees Has Observed A Sharp Increase Recently
As explained by analyst James V. Straten in a post on X, the Bitcoin fees have been greater than Ethereum’s recently. The “fee” here naturally refers to the transaction fee that the users on the network have to attach with their transfers as a payment for the chain validators (miners for BTC, stakers for ETH).
The total fees earned by the validators in a single day depend on the blockchain conditions on that day. Whenever the network is congested (that is, a large amount of users are making transfers at once), the fees can spike up.
This is because the blockchain only has a limited capacity to handle transactions, so in times of high traffic, a large amount of them can go through long waiting times in the mempool.
This forces users to start attaching higher fees if they want
We współpracy z: https://bitcoinist.com/bitcoin-fee-surpasses-ethereums-third-straight-why/
