As some of our regular bitcoin news readers may already be aware of, TL;DR — the individual responsible for creating popular BCH price calculator ‘BitcoinPrice.WTF’ — has just unveiled his latest offering that allows users to compare the block fees associated with Bitcoin Cash (BCH) and Bitcoin Core (BTC) in a completely streamlined and hassle free manner.
The website is called BitcoinFees.cash and as the name suggests, it allows users to perform a side-by-side fee comparison of the aforementioned currencies. Further expounding on the utility of his latest offering, thatwtfdude was quoted as saying
“Hi out there, it’s that wtf dude and I’m back with a new site. I like to do interesting things so I made this website entirely for fun. I’ve seen lots of people share BTC block fees related data but nowhere do I see it compared to BCH. So this page was put together to compare the same and provide interested people with some related stats and other associated information.”
Also, as was to be expected. BitcoinFees.cash makes use of a number of APIs to deliver its data:
- BitGo: For Next Block Fee Data
- Blockchair: For procuring Median Transaction Fee Data
- CoinSalad: For sourcing Real-Time Crypto Price Data
- AMcharts: For obtaining Interactive Chart Info.
Other Key Data Worth Bearing in Mind
- Transaction fees are factored into the final sum through the use of a novel validation mechanism.
- The total processing time takes about 10 minutes.
With that being said, Thatwtfdude then went on to add:
“For those wishing to use bitcoin as peer-to-peer cash, however, probably don’t want to wait many blocks for their transactions to be confirmed, so they pay [Next Block Fees] to get their transaction confirmed within 10 minute block times. Median fees are just the middle of all the fees to give users a better idea of the average, discarding high and low fees. The median fee listed is based on the past week of transactions,”
It is a well known fact that the processing fees associated with Bitcoin Core is relative higher when compared with that of BCH, however, the currency's advocates seem to be unfazed by this and even claim that this surge in native fees indicates a “rising consumer interest” towards the top-10 altcoin.
In this regard, BCH serves an excellent alternative for interested individuals, primarily because the asset's block capacity is significantly greater than that of BTCore.
Live Bitcoin (BTC) Price:
1 BTC/USD = $36,111.4060 change ~ 4.67%