The number of transactions in the Bitcoin network fell to two-year low, despite record low commissions

The number of transactions in the Bitcoin network fell to two-year low, despite record low commissions

According to Blockchain.info the number of confirmed transactions on the network Bitcoin now the minimum starting in March 2016.

The drop in the number of transactions corresponds to the fall in the price of bitcoin.

Absolute two-year low was set on February 26 in that day, the number of transactions amounted to 180,000, and on Sunday, March 4, there were only 195 500.

Despite the fact that in February, the technology is Segregated Witness (SegWit) finally got mass distribution – it was included in the new version of the Bitcoin Core wallet, and implemented Coinbase and Bitfinex, the number of transactions continues to fall.

Currently, about 30% of all transactions takes place using technology SegWit.

It seems that most investors are sitting on the fence. Recently, the service of buying and selling bitcoins, Localbitcoins also stated that the minimum trading volumes, just a week ago weekly volume did not exceed 57 million dollars.

Meanwhile, the Commission over transactions in the network remain at historically low levels. For example, calculator Earn.com currently recommends as a fee of 40 Satoshi or about $ 0.005 per byte.

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