Ah yep that's right, but isn't the upcoming 2x supposed to do the exact same thing?
What are current fee estimates and transaction times on BCH for interest's sake?
RE: Bitcoin to new all time highs, hits equal legs target at 6124
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Bitcoin to new all time highs, hits equal legs target at 6124
2x only takes block size to 2MB. It was the originally proposed compromise with 90+% support (but before BCH was born) that may very well still-birth because the BTC core group won't support it and the big block factions support BCH. It is almost a legacy political compromise at this point.
That said, 2x is still smaller block than BCH. I don't know fees off the top of my head but transaction times are the same across all the Bitcoins. 10 mins per block.
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Very interesting ...
Re: transaction times - if block times are always 10m and exchanges etc don't change their confirmation requirements that often, how come some Bitcoin transaction's take so bloody long? Is that backlog due to the smaller block size? Your send isn't included in the next block?
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Pretty much. That's why BTC fees are so high. The higher fee you are willing to pay the more likely it will be included in the next block. You have to compete with others to get in the limited block space.
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