Using an Altcoin to Save a Few Cents May Not Be Worth It

[jamie.redman1]

As the Bitcoin network experiences transaction congestion and higher fees many people have considered alternatives to avoid these issues. During transaction traffic peaks, a few cryptocurrency supporters have recommended using altcoins to save money from bitcoin miner fees and speed up settlement times. However, using an altcoin to save a few cents on a transaction may be more of a hassle than you think.

Lately, there have been a lot of complaints towards the rising fee market and slow confirmation times when it comes to sending a bitcoin transaction. Some say it’s best to patiently wait for Bitcoin developers to implement scaling solutions, but no one knows when this will happen. Now some people are advocating the use of an altcoin to conduct faster transactions with lower fees. But is it worth it?

Read More Here: https://news.bitcoin.com/using-an-altco ... -worth-it/