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Saturday, July 22, 2017

Living on Bitcoin in 2017: How Practical Is It?

Living on Bitcoin in 2017: How Practical Is It?

The vast majority of investors in Bitcoin consider it as a safe haven asset, long-term investment and digital gold. But, how practical is it to live on Bitcoin in 2017?

By nature, Bitcoin is a digital currency, described by its creator Satoshi Nakamoto as a digital cash system. Upon the clearance of the Bitcoin mempool, a holding area for unconfirmed transactions, Bitcoin transaction fees decreased to a range of $0.5 to $0.9, and with the activation of Segregated Witness through the BIP 91 activation mechanism, fees are expected to decrease to around $0.1.

The substantial decrease in Bitcoin transaction fees will allow Bitcoin to become more usable as a digital currency, to purchase goods and items both online and offline.

Full story at

Source: CoinTelegraph

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