Step-by-step Explanation of Bitcoin Transaction Fees

Almost every time when it comes to transactions on the blockchain, the phrase “almost free” is present in their description. The system charges a small fee to process any transaction. These funds are needed for two purposes: To pay rewards to people who invest their funds or other resources to confirm transactions (miners or stakers, depending on the consensus mechanism); To protect the network…


Darrell Baxter

Leave a Reply

Your email address will not be published. Required fields are marked *