Is it only because LTC doesn't have as many users as BTC? Or do the faster confirmation times also help with lowering fees?
Thanks
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Sign up to join this communityIs it only because LTC doesn't have as many users as BTC? Or do the faster confirmation times also help with lowering fees?
Thanks
Litecoin's blockspace supply is greater:
Litecoin's blockspace demand is much lower:
Bitcoin is operating with demand exhausting the supply continuously, thus finding actually a price for blockspace. In the past months we've seen feerates move between 1 and 540 satoshi/byte. Now that the latest hype has cooled down slightly, we can observe a daily and weekly cycle, under the week going from ~8 to ~400 satoshi/byte, dropping down to as low as 2 satoshi/byte on weekends.
On the other hand, Litecoin is operating with demand at approximately 1% of the supply. Miners appear to be observing a hard coded minimum fee of 100 litoshi/B.