What is the main difference of the current bullrun from the previous one?

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2019-06-04 06:00:08

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What is the main difference of the current bullrun from the previous one?

Now the price is once again experiencing a rapid ascent. Over the past two months the asset has risen at least twice, and only in may the price went up $ 2000. In December 2017 the coin drew similar graphs before finally jumping to a historical high of 20 thousand dollars.

Director General Bitrefill Sergey Kotlyar told about the main differences between the current ballroom and HYIP in the end of 2017. In previous times during the unexpected surge in the price of Bitcoin mempool was quickly filled with all of the transactions. Accordingly, the processing time has increased significantly, as the cost of commissions. This time the situation is completely different. 26 December 2017 maximum size was 1034 satoshis/byte, while as of 1 June 2019, he was only 188 Satoshi/bytes.

Source: Transactionfee.info

According to Kotlyar, over the last 18 months the industry has experienced significant changes, which the Commission will never be so expensive. This is the key difference.

There is No reason to believe that 2017 will again. On the other hand, as soon as exchange activate Lightning and Liquid, another barrier will disappear forever. I believe that we must expand what we do to scale. Although not all think so, and some companies do not work in this direction.

As he claims, the current cost increase is mainly due to increase in traffic between the exchanges, not due to growth of transactions. In addition, now people are much more concerned about the size of the commissions. And the introduction of Liquid Lightning Network and altcoins on most kryptomere a very positive effect on the scalability of Cryptoprotected.

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