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Bitcoin transaction fees fall as network congestion eases

Written by  May 27, 2020

The Bitcoin fees did rise recently and quite sharply as the chart above shows.

Network congestion, as represented by bitcoin’s memory pool or its collection of unconfirmed transactions on the blockchain, has been on a declining trend since topping out at the 28-month high of 267,608 on 18th May with a total block size of 78.5 MB, as per data source Bitcoin Visuals.

As a result, transaction fees have come off highs seen on 21stMay.

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Peter Flynn

Senior Editor and self confessed Crypto addict, bringing a variety of Crypto tech news, help and advice in the UK. I have worked in various fields throughout my career such as a Systems Administrator, Cyber Security Consultant and other technical related roles, these days I concentrate on Cryptocurrency journalism and technical writing.

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