Re:Crypto.com Halts Solana USDC and USDT Withdrawals
by chromatin on Wednesday November 09, 2022 @07:46PM
(#33540587)
> bitcoin has exorbitant transaction fees,
Basic transaction cost at this time is est $0.05, or 54 cents for high priority.
> slow transaction times
If by slow you mean ~10 minutes, it turns out this is a strength (Solana is not scalable; Ethereum will also likely grow in an unbounded fashion making individual node-running infeasible); and layer 2 solutions such as Lightning Network enable sub-second Bitcoin transactions.
Basic transaction cost at this time is est $0.05, or 54 cents for high priority.
> slow transaction times
If by slow you mean ~10 minutes, it turns out this is a strength (Solana is not scalable; Ethereum will also likely grow in an unbounded fashion making individual node-running infeasible); and layer 2 solutions such as Lightning Network enable sub-second Bitcoin transactions.