LeoGlossary: Transaction Fee
8 mo (edited)
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A payment require to transact on a particular platform or network.
Within cryptocurrency, this is the fee required to broadcast a transaction across the blockchain. The fees will vary not only from chain-to-chain but within a single one. They are often determined based upon the amount of traffic that is taking place.
Under the Proof-of-Work mechanism, the fees are paid to the miners.
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