Why Comparing Bitcoin with Centralized Systems Based on Transaction Rate is Wrong

ccn

Why Comparing Bitcoin with Centralized Systems Based on Transaction Rate is Wrong
On the Bitcoin network, whether it is a transaction worth $100 or $1 million, it costs the same miner’s fee to process the payment. On October 16, a $194 million payment was moved on the Bitcoin network with a mere $0.1 fee nearly instantaneously. Through legacy banking systems, weeks of paperwork, days of settlement system, … ContinuedThe post Why Comparing Bitcoin with Centralized Systems Based on Transaction Rate is Wrong appeared first on CCN For Further Information Click on Below Button
Show More

Comments