What's new

Why would Litecoin provide such low fees on its network?

deucher

Chipi Chipi Chapa Chapa
Valued Contributor
1000 Posts Club
Mar 19, 2023
1,538
37
USD
$0.0000USD
Biznotes
1,282
Everyone knows that the ether cryptocurrency has the highest transfer fees in its network, although most projects are made on this basis because it is the easiest. But why does the litecoin network provide users with such low commissions, for which I think everyone is grateful and why the rest of the networks can't do the same
 
Everyone knows that the ether cryptocurrency has the highest transfer fees in its network, although most projects are made on this basis because it is the easiest. But why does the litecoin network provide users with such low commissions, for which I think everyone is grateful and why the rest of the networks can't do the same
Well, I don't know exactly what the reason for this is, but it's probably because of the size of its block, which is probably smaller than that of other blockchains. If I remember correctly, Litecoin's block size was only 1MB.
 

Newest Directory Listings

Shortie
Forums
Clicks
26
Views
66
WWE Hub is a discussion forum for all things wrestling! Share and chat with other wrestling fans throughout the world!
momode
Forums
Clicks
9
Views
47
ABCProxy is cost-effective, ethical residential proxies network!
coderway
Forums
Clicks
9
Views
53
AI digital artwork generator
Back
Top