Chart 2: Bitcoin Network Cost per Transaction

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Imagine you started a digital currency system 8 years ago, which would self-finance its own, decentralized network. Initially, it would do so by inflation, or in other words rewarding new coins to users. Eventually, once the user base grows, individual transaction fees would take over the cost to run it. Regardless of what happens in the future, the first part of that idea almost could not have been modeled better:

01 BTC Cost per Tx.png

Chart 2: Bitcoin Network Cost per Transaction | Ecency