Discussion of whether or not Bitcoin Perfect for payment. Or, a valuable store is igniting once again. This time, after the price has been reduced for sending major cryptocurrencies.
Top Bitcoin Blockchain Explorer Mempool Posted This week, the largest Crypto network users can pay a low satoshi (sat/vbyte) per virtual byte of 0.1 Satoshi (sat/vbyte). atshi is the smallest unit of bitcoin, with one Satoshi equal to 0.0000001 BTC.
Previously, miners would cost at least one Satoshi/Vbyte to process transactions. However, due to lack of activity in major cryptocurrency networks, miners reduced the minimum rate by 90% to add blocks to the blockchain.
These measurements refer to the weight of the transaction and how quickly it is processed. If the blockchain is busy, it costs miners to prioritize transactions.
The fact that costs have been significantly reduced indicates a reduction in demand for block space. In other words, people are not doing much trade and encourage them to accept lower rates.
The Bitcoin Network is run by miners. This is today a warehouse industrial business filled with expensive computers that handle transactions on a network.
Minors are rewarded by adding processing blocks and blockchains that contain transactional data. For each block processing, the miner receives 3.125 BTC (valued at the current price of $367,000) along with transaction fees.
However, transaction fees remain low as few people use the Bitcoin network to send funds, engraving ordinances (aka NFTS) and take other actions.
As the pseudonym Bitcoin Minor Econo Alchemist said Decryption0.1 SAT/vbyte fee rates are always permitted by the protocol, but some node operators may choose to ignore such low fees. Moves by Mempool and others this week suggest an increase in consensus moves towards accepting these low-class transactions.
“As time goes by, policy rules tend to match consensus rules and lift most relay restrictions,” he said.
Bigwigs in the Crypto and Payments field lamented the lack of activity on the blockchain, including Twitter founder and Square CEO Jack Dorsey. Previously stubborn bitconner I said Cryptocurrency is something that only succeeds if people use it with what it was designed for: sending and receiving money.
“I think it’s going to become more and more irrelevant if we don’t move on to pay and find everyday use cases,” Dorsey said on his April podcast.
Obviously, it’s succeeding as Bitcoin hits its new all-time high.
“I think I have time, but Bitcoin appears to be moving to (value assets stores) and is not used for any type of transaction,” said Scott Norris, CEO of Bitcoin Miner Optiminer. Decryption.
“As long as there is an upward price momentum, people don’t use Bitcoin to trade. Bitcoin is basically a digital land. It’s incredibly valuable and the value continues to grow. It’s still very new so it’s not the best to trade.
It is noteworthy that the sender of a cryptocurrency transaction chooses a fee. If they are rushing to pay seen and processed by miners, they can raise the fee, which will be added to the block faster.
I love watching Sub-1 SAT/VBYTE transactions on Mempool.
Most of my early Bitcoin transactions were 0 ft and were confirmed within a few blocks.
I am not a miner. If you are not using LN, you want to reduce it as much as possible.
-Mandrik (@mandrik) July 17, 2025
Still, some of Crypto Twitter (aka X) are pleased that it’s cheaper to use top blockchain. One user, Mandrick, said, “I love watching Sub-1 SAT/VBYTE transactions in my memory,” he added, “I want to do as few as possible.”
When challenged by someone who said “we need a (trade) fee to secure a network,” he added: