With the announcement of supporting SegWit from the top cryptocurrency exchanges, users starting to expect whether the expensive transaction fee of Bitcoin will be improved. The community believes that the transaction fee could be lower by 20% with SegWit, also the transaction speed will be prompted. But still, 20% cut is just not enough for Bitcoin.
The meaning of transaction fee is to as a reward for miners, it also serves as other important functions. The transaction fee is crucial.
If you sending someone $500 worth Bitcoin，transaction fees will take your outrageous $144! With such high fees, Bitcoin already loses its ability as "Electronic Cash", it has nothing to do with Satoshi's original vision. Bitcoin is entering into a vicious circle.
Deploying new technology isn't enough to reduce the transaction fee to a reasonable range. The only possible solution left is fork, Hence the birth of many forks.
BCX tries to solve the pain point of Bitcoin as one of the promising forks. Their mission is to achieve Satoshi Nakamoto's vision with any compromises. BCX has improved Bitcoin in every aspect. BCX have promoted the transaction speed up to at least 170 TPS, this is 2400% faster than Bitcoin. Yes, the transaction speed is fast, but what about the transaction everyone cared about.
The transaction fee of BCX is 0.1 BCX per KB, the current price of BCX is $0.0074, so how cheap is the transaction fee, you can do the math. As for Bitcoin, the fee is $0.22, which is 300 times expensive than BCX.
With fast transaction speed and rather cheap fees, BCX has a solid foundation for real-life application. According to its Twitter, BCX will support Smart Contract in Q2. By the time any developer can develop APPs on BCX chain.