In the cryptocurrency world, transaction fees can make or break any project. While some projects try to maintain a zero-fee transaction structure, the vast majority of them tend to charge a small amount for miners to include transactions in blocks. As such, there are some concerns over the current rise in Bitcoin transaction fees. It would appear the VeriBlock project may be [inadvertently] contributing to this rise in fees.
Why are Bitcoin’s Transaction Fees Rising?
It is never a good sign when Bitcoin becomes more expensive to move across the network. Anyone who has been involved in cryptocurrency for quite some time now will have noticed Bitcoin is often subject to transaction fee controversy. The world’s leading cryptocurrency isn’t cheap to move around the world, although it is still cheaper than most of the mainstream alternatives. Even so, it is still worth keeping an eye on these fees and how they evolve, as it is not hard to see why some users express their concerns.
When looking at BTC fees chart for the past…