Chart 2: Bitcoin Network Cost per Transaction

in bitcoin •  8 years ago  (edited)

Imagine you started a digital currency system 8 years ago, which would self-finance its own, decentralized network. Initially, it would do so by inflation, or in other words rewarding new coins to users. Eventually, once the user base grows, individual transaction fees would take over the cost to run it. Regardless of what happens in the future, the first part of that idea almost could not have been modeled better:

01 BTC Cost per Tx.png

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!