Taking a look at the Bitcoin network via transaction outputs, median transaction fee, mempool, block speed, hash rate and difficulty over the past 3 months.
The network seems to be nearing all time lows in terms of median fee ($0.08) which is amazing considering where we were less than a year ago. Tx outputs at over 550k. The mempool is also looking pretty good at only 1,414 transactions after rising a few days ago to 3 month highs. Block speed is at 9.5 minutes while hash rate has bounced back after dipping a couple days ago.
Overall, things look great for the network as a whole relative to 2017. Lets hope the price starts reflecting this….soon.
Interested in other cool crypto posts….check out A look at Historical Crypto Corrections and The Price of Bitcoin vs Cost of Mining.
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