Why blockchain fee is high

why blockchain fee is high

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The higher-priority fees will push scaling technology.

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Network fees on Bitcoin surged to near $7 amid resurgence of Ordinals inscriptions. � Bitcoin fees surged to the highest level since the meme. The fee is usually calculated based on the size of the transaction in bytes. The service charge in Bitcoin transactions on wallets like TrustWallet is typically influenced by network congestion and transaction demand.
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  • why blockchain fee is high
    account_circle Zulkit
    calendar_month 03.06.2023
    Very curious question
  • why blockchain fee is high
    account_circle Zutaur
    calendar_month 03.06.2023
    Bravo, what phrase..., a remarkable idea
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Related articles. The amount of the blockchain fee varies depending on the cryptocurrency, network congestion, and the size of the transaction. As such, blockchain represents a chronological history of all transactions made within its network.