An unknown whale conducted a transaction of 48 thousand bitcoins

Work on scaling and increasing block throughput have reduced transaction fees on the Bitcoin network. One of the largest cryptocurrency holders took advantage of low fees and moved 48 thousand coins, paying only four cents in fees

290 million dollars for four cents sounds very tempting. No bank in the world will be able to make such a payment.

The problem of scaling became acute back in 2017, when the number of daily transactions on the network reached 400,000, and the minimum transfer fees were almost $50. It was then that the Bitcoin community came to the conclusion that a further increase in fees would simply kill the payment attractiveness of cryptocurrencies.

Currently, the number of transactions requiring confirmation by miners has been reduced by four. And the time required to confirm them has been reduced by 95%.

There is an opinion that a well-organized group of Bitcoin skeptics is behind the inflated number of transactions last year. But no one was able to provide real evidence for this option.

Whether the transaction of an unidentified whale, who paid only 0.00000675 bitcoins for transferring a huge amount, was a well-organized marketing ploy by any of the exchanges is also unclear.

Even if so, this does not in the least detract from the importance of Segwit and the Lightning Network. It is with their help that Bitcoin can turn from a financial digital asset into a convenient means of payment. 36% of all transactions on the Bitcoin network already take place using Segwit addresses. 

According to newsbtc.com