Data shows: Bitcoin cumulative transaction costs have exceeded $1 billion

According to The Next Web, Quandl data shows that the recent bitcoin cumulative transaction costs have exceeded $1 billion. Although this is not necessarily the most important statistic, it is indeed an indicator that Bitcoin continues to be used over a period of time. A sharp rise in costs may mean a significant increase in network usage. Bitcoin transaction fees vary based on the overall usage of the network. In general, the more you use the network, the higher the cost. As the use of the network decreases, transaction costs will also decrease.