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What are Blockchain Transaction Fees?


  • Find out what is a blockchain
  • See why is has transaction fees
  • Learn how to deal with transaction fees
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transaction fees

As the world's first blockchain network, Bitcoin established the transaction fee standard that many cryptocurrencies employ today. Satoshi Nakamoto saw that a transaction fee might protect the network from large-scale spam attacks. 

Why are transaction fees needed?

Since their conception, transaction fees have been a fundamental feature of most blockchain systems. When sending, depositing, or withdrawing cryptocurrency, you have most likely encountered numerous commissions.

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