Following the release of Jaxx 1.0 across all devices, Decentral has announced the release of Jaxx 1.0.5 that features adjustable fee levels providing more flexibility.
Decentral explained that while bitcoin network activity surged over the last couple of days, wallet users faced difficulty as their transactions took longer and longer. It identified the need to update its current options so that current Jaxx users don’t have to face interminable wait times for BTC transactions. Thus, Decentral decided to introduce Mine Control – a scalable bitcoin fee, The Merkle reported.
“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”, Decentral added.
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.
“[U]sers 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”, Decentral said.
It went on to reveal its plan to add Custom fee option in the future, which will allow users to specify their fee well above or below Jaxx’s recommendations.
Jaxx iOS users will have to wait a little longer for the newly released version due to Apple’s lengthy app review process.
