Friday, 7 September 2018

Is it true that BTCLN is cheaper vs. on-chain BCH?

I have been told that:

  • A typical lightning payment costs up to 7 satoshis in btc. That's $0.00045 USD.
  • A typical bch payment costs up to 262 satoshis in bch. That's $0.0013 USD.
  • A lightning btc payment is over 3 times cheaper

This is based on data from block 546423 , where the average fee per payment in that block are ~262 satoshis , as in estimated by dividing the fee total, 0.25493437 bch, by the number of transactions, 97,318, equal ~.00000262 bch per transaction.

I think this is important so please don't down-vote me because this info needs to go out to the entire crypto community.

If that's true what is BCH doing to compete with BTC LN?

submitted by /u/Sherlockcoin
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source https://www.reddit.com/r/btc/comments/9dsjyz/is_it_true_that_btcln_is_cheaper_vs_onchain_bch/

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