Post-halving, Bitcoin fees soar, driving users to seek cheaper alternatives
2 days ago 1 min readThe recent halving of Bitcoin has resulted in a significant increase in transaction costs, over $100, which has raised considerable apprehension among users. The growth in popularity has resulted in a rise in searches for “Bitcoin fees” on Google Trends and conversations on Santiment, a social networking platform. On April 20th, the exorbitant fees surged to an unprecedented level of $127.97, causing more than half of the Bitcoin addresses to become inactive. Consequently, there have been discussions over substitutes for Bitcoin that provide reduced transaction costs. Vik Sharma, the inventor of Cake Wallet, highlighted the use of crypto such as