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RE: Bitcoin Transaction Mempool Drops Drastically
What does this mean?, BTC transactions are going faster?, people is making less transactions?
What does this mean?, BTC transactions are going faster?, people is making less transactions?
This means that transactions that got stuck (no miner picking it up for processing) are slowly being picked up and processed now. So payments are increasingly being processed orderly.
The reason for less transactions on the Bitcoin network could be anything.
So if i make a transaction now, it should be faster right?
No, it means that the transaction has less chance of getting 'stuck'. If the payment fee is set too low, miners may chose not to process the payment.
As a general remark, fees should lower somewhat because of this development.