Thought for the day: If #Bitcoin fees become so high that the majority of everyday transactions can only be conducted on second layer networks like #Lightning and #Liquid, how will transaction fees a...
You already answered to yourself: the fee will be high
the second layers will see the majority of the transactions, indeed, but of the ones which make no sense to do on the layer one.
If there is low demand of blockspace, fee will be reduced and more transaction will be done again on the layer one.
We have already see this year blocks with at least 3 Bitcoin of fee. There still will be incentive for miners to keep their infrastracture online
the second layers will see the majority of the transactions, indeed, but of the ones which make no sense to do on the layer one.
If there is low demand of blockspace, fee will be reduced and more transaction will be done again on the layer one.
We have already see this year blocks with at least 3 Bitcoin of fee. There still will be incentive for miners to keep their infrastracture online
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