If you’ve been paying attention to Bitcoin network activity over the last couple of days, you’ve undoubtedly noticed that it’s spiked to levels not seen in over two years. That’s great news for BTC holders, but a pain for wallet users who have seen their transactions take longer and longer. With the release of Jaxx 1.0.5, this will no longer be an issue.
Jaxx 1.0.5 adds the option to select a “Slow,” “Average,” or “Fast” fee level, all of which are dynamically adjusted based on the level of current network activity. Now, users who are unconcerned with speed don’t have to face heftier transaction fees, while power users can ensure that their transactions will be accepted by the network very quickly.
What we have in place is not a perfect solution, but we felt it was important to update our current options so that current Jaxx users won’t be faced with interminable wait times for BTC transactions. In future, we will also be adding Custom fee option, allowing users to specify their fee well above or below even Jaxx’s recommendations.
Previously, we had a floating fee rate based on the current transaction filesize, but this new solution is more effective for handling the current state of the Bitcoin network.
As per usual, iOS users will have to wait a little longer for Jaxx 1.0.5 due to Apple’s length app review process. If there was anything we could do about it, we would!
Get all versions of Jaxx at jaxx.io.