On the eve of the Bitcoin halving and the rise in its value, it is worth remembering the real consequences of this event. Halving reduces miners' rewards for processing transactions by half, which affects transaction fees. The rise in fees is a reminder that Bitcoin has a limited supply and demand is growing, increasing its value in the long run.
However, for everyday transactions, consumers can switch to processors with lower fees, such as the Lightning Network. This network processes Bitcoin transactions almost instantly and with low fees, which could speed up its adoption among users. As a result, despite the emergence of secondary networks, transaction fees will increase as Bitcoin becomes more widespread.
