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Author Topic: Suggestions on altcoin with low transaction fees?  (Read 607 times)

Offline Stompix

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Re: Suggestions on altcoin with low transaction fees?
« Reply #15 on: January 11, 2024, 08:26:34 AM »
About PoW network, you can use this https://howmanyconfs.com/ for estimation of how many PoW altcoin confirmations are equivalent tô Bitcoin confirmations.

That's a really biased way to express security by power consumption, you would till need 100k L7 to do a 51% attack and it's highly unlikely that much gear will ever be available on the market. Besides this thing:
Quote
SHA-256 @ 556,427 PH/s = 16 GW
is invalid if we think S21, a 200th/3.5KW the figure above becomes 9.73GW so suddenly the network is half less secure?  ;D

There are many options in which altcoins have low withdrawal or transaction fees if this is not for transferring funds from exchange to exchange I suggest use Dogecoin.

I'm surprised the majority isn't pointing at doge, it's the cheapest one, it's damn fast and most importantly is also widely accepted, plus unlike stablecoins you're at no risks of getting your coins frozen out of nowhere.
Anyhow, I would like to point out another thing:
Bitcoin fees are way DOWN right now since December 26th, next block fee is just 30sat/vb.
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Re: Suggestions on altcoin with low transaction fees?
« Reply #15 on: January 11, 2024, 08:26:34 AM »

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Offline Aanuoluwatofunmi

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Re: Suggestions on altcoin with low transaction fees?
« Reply #16 on: January 11, 2024, 04:31:40 PM »
There have been slight increases in Bitcoin transaction fees recently. Ethereum has consistently experienced similar issue, which doesn't make much of a difference. I would like to know about other altcoins with low transaction fees.

Ethereum has always been high and it's known for this already before now, Bitcoin will soon finds a final solution to that as soon as the developers community arrived at a concession, meanwhile there have been times whereby the transaction fee comes down and it's affordable to pay, all you could probably do is to keep track on the mempool to know what's going on with the current transaction fee rate before making your transactions, as for now, you can make use of Litecoin in making transactions, it's one of the lowest fee rate for making transactions.

Offline Gladitorcomeback

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Re: Suggestions on altcoin with low transaction fees?
« Reply #17 on: January 11, 2024, 05:16:31 PM »
There have been slight increases in Bitcoin transaction fees recently. Ethereum has consistently experienced similar issue, which doesn't make much of a difference. I would like to know about other altcoins with low transaction fees.

Ethereum has always been high and it's known for this already before now, Bitcoin will soon finds a final solution to that as soon as the developers community arrived at a concession, meanwhile there have been times whereby the transaction fee comes down and it's affordable to pay, all you could probably do is to keep track on the mempool to know what's going on with the current transaction fee rate before making your transactions, as for now, you can make use of Litecoin in making transactions, it's one of the lowest fee rate for making transactions.

Bitcoin pool have so many unconfirmed transactions (more than 250k) which will not allow transaction fee to become down. I checking fee in mempool for more than 3 days and observed that lowest fee is 31 sat/vb which will cost almost 2$. Still we can say that fee is high for normal transaction. devolpers should do something to process high number of transaction in less time. Speed and fee are two biggest problem BTC currently facing. It is better than many fiat system but in term of crypto there are so many alternative which are faster and charging low fee.

LTC is best choice as it is more decentralized and also available in every exchange. Solona, Bnb and matic are also low fee coin which could be used for transaction.
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