What impact will BitGo’s Predictive UTXO Management have on crypto transaction fees?

Colleagues, transaction fees have been a major stumbling block for cryptocurrency traders and investors alike during the past 2-3 years. As trading volumes increase historical data suggest that transaction fees rise accordingly. BitcoinCharts Transaction Fee Historical chart clearly shows that fees reached about $58 in late December 2017, however, fees have fallen back to around $1 as of July 2018. With the launch of BitGo’s predictive UTXO (unspent transaction output) management solution the open issue is whether lowering transaction fees – especially during peaks in trading volumes – will lead to increased transaction levels? Yes, UTXO early adopters like Civic and Bitstamp fully expect that the answer will be a resounding “yes”. The bigger challenge will come from the largest Bitcoin exchanges Binance, OKEx, Huobi, UpBit, BitFinex and BitHumb? The bottom line: In the near-term (12-24 months) the Cryptocurrency Academy predicts that crypto traders with high transaction volumes of low-medium BTC value (e.g. under 100 BTC) are the likely beneficiaries. By contrast, institutional crypto investors will lower transaction volumes of over 1000 BTC will see far less benefit. Send us your comments today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)