LeoGlossary: Transaction Fee

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.

• Main LeoGlossary Menu

General:

• What Is Leofinance

Posted Using LeoFinance Beta