Fee
blockchain
economics
A transaction fee is the amount paid for block inclusion, compensating block producers and discouraging spam.
- Also known as
- Transaction Fee
1
concept
Fees compensate block producers for including transactions and help ration scarce block space. Levels depend on supply, demand, relay policies, and the transaction's size or computational cost.
2
mechanics
UTXO chains commonly price fees by virtual size, while account-based smart contract chains use gas with per-operation costs. Wallets estimate fees from mempool or network conditions to target confirmation times.
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