What is Transaction Fee?

Transaction Fee

Transaction Fee is the fee charged for sending Bitcoin and other cryptocurrency transactions.

In Bitcoin (BTC), transaction fees are paid to miners as a reward.

The miners are the approvers of the transactions, and if they were to disappear, transactions would cease. However, even if the maximum coin issuance limit is reached in the future, the transaction fee is the motivation for mining, and the miners will not disappear.

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