21 Inc Launches Bitcoin Transaction Fee Prediction App

21 Inc, maker of the Bitcoin Computer, has launched a free web app that can help bitcoin users determine what level of fee will ensure a transaction is confirmed in a given amount of time.
The new service, which can be found at bitcoinfees.21.co, provides a real-time guide to the fee levels currently being paid on the bitcoin network, along with the estimated delay in blocks and estimated time until confirmation. Fees are set in satoshis per byte, a reference to the smallest denomination of bitcoin.
The launch comes amid a time when transaction levels are increasingly hitting all-time highs, and the community at large has been split on the question of expanding the network’s ability to accommodate more transactions per block. To send a bitcoin transaction, users generally must include a transaction fee, which rewards the miners that process transactions and secure the bitcoin blockchain.

This post was published at Coin Desk on February 10, 2016.