Commissions on the Bitcoin network fell 58% in four days.

   The average transaction cost for transferring the main digital coin decreased from $6.47 to $2.72. In December 2017, this figure was at its highest level, reaching $55.

Bitcoin charges fell 58% in four days, from a two-month high of $6.47 to $2.72. This happened against the backdrop of almost complete liberation of the cryptographic currency from waiting for transaction confirmation, writes CoinDesk. On July 28, the number of unconfirmed transfers exceeded a 2.5-month high of 56,648 with a total block size of 53.5 MB and has been declining since then.

On Sunday, August 9, there were 3656 unconfirmed transactions in Mempule, the lowest since July 12, with a total block size of 9.9 MB. With a sharp increase in activity, mempule overflows, which increases the transfer time in the Bitcoin network. This happens because the miners can check only 1MB of transactions for each produced block once in 10 minutes.

When overloaded, the maintainers set a priority for transactions with higher commissions. This forces users to pay more so that their transfers go faster. Therefore, commissions are usually directly dependent on the fullness of the mempole. In December 2017, when the bitcoin set the maximum cost at $20,000, the commissions on the network reached $55.