Why a Faster Bitcoin Network Would Keep Fees Low

Why a Faster Bitcoin Network Would Keep Fees Low

Jonathan Levin is a co-founder of Coinometrics, a premium data analytics company for digital currencies. At Coinometrics, he leads work on measuring the activity and health of the bitcoin network. Here, he examines how delays in the propagation of information across the bitcoin network could impact transaction fees. Transaction fees on the bitcoin network are often forgotten about. Yet in bitcoin they are more important than on other payment networks. Fees currently serve as protection against the network being flooded with arbitrary transactions. Eventually, they will also be required to....


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