Bitcoin has officially abandoned its claims for fast transactions at low fees… for now

January 22, 2018

One of the things that got people excited about Bitcoin in the first place was its promise to deliver fast peer-to-peer transactions at a fraction of standard fees. But following its foray into the mainstream, the cryptocurrency has consistently struggled with slow transfers and excessive transaction costs.

Indeed, crypto-obsessed Redditors have long been vocal about the compendium of technical difficulties the hype around Bitcoin has caused to the network – and what it once set out to offer to its users. So much so that its developer community has decided to update the copy on its website to better reflect the technology’s key features.

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