An Ethereum user paid a $9,300 transaction fee to send $120 in ETH. The user took to Reddit to explain their mistake and is looking to get their money back.
While BTC is busy damaging the Bitcoin brand, Bitcoin SV dedicated apps and services generate more and more transactions on chain, creating real value for Bitcoin.
UniLogin has been forced to shut down due to Ethereum's high transaction fees and scalability issues pricing the company out of operation.
The total transaction fees on the Ethereum network hit $6.87 million on August 12, shattering the previous record reached during the ICO boom in December 2017.
Take a look at how Bitcoin SV is creating the fastest and cheapest payment system in the world by comparing it to other cryptocurrencies and traditional payment systems.
BSV mining pool Mempool is joining Bitcoin mining giants TAAL and CoinGeek Mining in lowering BSV transaction fees.
Miners have grown to understand that their long term economic prospects are directly linked to returning to the original economic model outlined in the Bitcoin whitepaper.
Ethereum gas prices (transaction fees) have been seen spiking up from its usual $0.01 to around $0.8. The fees have gone down to around $0.5 as of last check.