Fees News

Cryptocurrency fees can be defined as money (usually in the form of one of the virtual currencies) that is paid as a on top of a transaction. The most common way to charge a fee is by taking a commission, i.e. some percentage from the amount of the transferred money. At the moment, a lot of transactions can be completed without any cryptocurrency fees unless the transaction includes a large amount of data. As miners function as the handler of transactions, they also receive commissions since each new block of the blockchain consists of their operations and, for example, a fee from Bitcoin as well. It is optional to require a commission, but any user that has found a block can include fees by their own choice. In the future, when the rewards for creating a new block will be reduced, miners will get most of their profit directly from the fees.

News
Following Uniswap’s UNI token launch, Ethereum transaction fees spiked to almost $1 million an hour.
Coinbase Pro passes gas fees to users as ETH miner revenue hits 5 year high
Joshua Mapperson
2020-09-18T05:45:48+01:00
3741
News
A new mining concept is facing criticism in the blockchain sphere.
‘Exclusive mining’ could have negative implications for the Blockchain industry, say experts
Felipe Erazo
2020-09-07T22:02:00+01:00
12932
News
Bitcoin has crashed below $10,000 for the first time in seven weeks.
BTC dips below $10K as traders eye ‘CME gap’
Samuel Haig
2020-09-04T04:42:00+01:00
26793
News
Skyrocketing Ethereum fees and the exorbitant costs of interacting with DeFi smart contracts, threaten the growth of the sector.
$99 Gas Fees on Ethereum Are Crippling DeFi’s Growth
Samuel Haig
2020-08-14T05:02:00+01:00
13350
News
Ethereum has been going skyhigh in more ways than one.
ETH Transaction Fees Hit All-Time High Second Day in a Row
Adrian Zmudzinski
2020-08-13T15:38:00+01:00
6463
News
An unknown Bitcoin wallet paid a mere $4 to transfer over $1 billion.
Someone Transferred a Billion Dollars in Bitcoin for Less Than $5
Felipe Erazo
2020-08-06T21:56:00+01:00
9215
News
As Ether transaction fees hit 100 gwei, the project’s co-founder warns that a failure to respond could undermine the security of the network.
Vitalik Buterin Warns High Fees Threaten Ethereum’s Security
Samuel Haig
2020-07-22T04:39:00+01:00
11179
News
F2Pool returns about $500,000 in abnormal ETH transaction fee to its sender after encountering the issue on June 11.
F2Pool Returns $500K of Abnormal ETH Transaction Fee to Sender
Helen Partz
2020-06-18T17:16:00+01:00
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