Multiple mining pools now support ‘Miners Choice’ BCH initiative to lower fees

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08 Jun 2018, 21:43

Multiple mining pools now support ‘Miners Choice’ BCH initiative to lower fees

In the beginning of this week, the Minnes Choice initiative, which was announced by Sikanjeek and Enchain yesterday, involved mining pool yesterday. In order to adopt bitcoin cash, the initiative brings two major requirements:

1. Removing the minimum dust range of 546 Satoshi. This allows users to send less transactions as 1 Satoshi. The border was implemented in Bitcoin and later was adopted by Bitcoin Cash to prevent network misuse

2. Offer to confirm certain transactions in each block. By removing the transaction fee, the mining firm will allow some users to transact Bitcoin cache for free.

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Bitcoin Cash, Bitcoin Fork is designed to increase the block size; Recently, there has been a significant decline in transaction fees on bitcoine. Right now, the average transaction fee on bitcoine is 9 satos / bytes. Bitcoin Cash Promoters are working hard to isolate themselves and with this initiative Bitcoin is selling it in the market as a better alternative to the core.

Bitcoin cache miners are expecting new adoption initiatives. Initially, the scheme was declared by the Sikijik and Enchain. Tomorrow, two miners VABBTC and Roger Wier's Bitcoin.com also announced that they will adopt the Minster Choice initiative, which will make the total adoption more than 25%.

A bitcoin cash fan Craig Wright and the chief scientists of Enchain, who have been accused of being cheated on several occasions for claiming to be a betoken owner, Satoshi, appealed to the miners to adopt the miners. Craig Wright also claimed that removing the dust borders would accelerate the development of colored coins on bitcoine cache.

"There will be more options about how much (if anything) they want to pay, to send BCH transactions based on the speed they will have. If a user wants an immediate transaction, then the user should be provided by the miners. , But if a user is willing to wait for 30-40 minutes for a transaction in a block, then the user will charge zero fee. Can choose. "

At present, only 25% of the mining pool has adopted the new initiative. It is not clear if more pools will start accepting them to boost the use of bitcoin cache.

Source: https://www.crypto-news.in/news/alt-coi ... cash-fees/


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