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
While the commission is standard for Apple, some have expressed their displeasure at the company’s “grotesquely overpriced” cut of sales.
‘Grotesquely overpriced’ — Apple’s App Store wants 30% cut on NFT sales
Jesse Coghlan
2022-09-26T04:49:48+01:00
6392
How to crypto
The Arbitrum network allows users to use Ethereum more efficiently. Learn how to access it to pay lower gas fees and execute Ethereum transactions faster.
How to add Arbitrum to MetaMask?
Emi Lacapra
2022-09-09T09:00:00+01:00
3560
News
The high-speed smart contract platform has suffered full or partial outages at least seven separate times over the last twelve months.
Network outages have been Solana’s ‘curse,’ says co-founder
Brayden Lindrea
2022-09-05T03:19:24+01:00
4273
Opinion
There’s a lot of hype surrounding Ethereum’s Merge. But in reality, most users aren’t going to notice much change.
Lower costs, higher speeds after Ethereum’s Merge? Don’t count on it
Svyatoslav Dorofeev
2022-08-25T21:49:39+01:00
6462
News
In addition to timely upgrades, the drop in transaction fees can be attributed to multiple factors, including falling market prices and lower mining difficulty.
Average Bitcoin transaction fee drops under $1 as network difficulty recovers
Arijit Sarkar
2022-08-22T08:41:44+01:00
5453
News
Polygon uses zero-knowledge proof to club multiple transactions into groups before relaying them over to the Ethereum blockchain as a single transaction.
Polygon zero-knowledge EVM Rollup aims at cheaper Web3 transactions
Arijit Sarkar
2022-07-20T12:10:00+01:00
4088
News
The cost per Bitcoin transaction is calculated by dividing miners' revenue by the number of transactions, thus implying an unpredictive trend.
Bitcoin per transaction cost goes down every four years — Coincidence?
Arijit Sarkar
2022-07-18T10:43:32+01:00
4612
Markets News
It’s too early to know if DeFi is “dead,” but platforms that share revenue with liquidity providers and token holders could be the ones that survive the bear ma...
DeFi’s downturn deepens, but protocols with revenue and fee sharing could thrive
Jordan Finneseth
2022-07-15T19:03:47+01:00
3288

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