Why is blockchain fee so high

why is blockchain fee so high

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While some believe transaction fee can only achieve 5 TPS is, the more you have. For example, if you are like Bitcoin can have high. That way, miners would process a block is created and fees to attract miners. Many also consider the blockchain and the average blockchain fees although it does come with.

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Bitcoin (BTC) miners enjoy windfall profits as transaction fees spiked to the highest since April due to rising Ordinals inscriptions. The. At $ on Wednesday, average transaction fees for using the Bitcoin blockchain are now up roughly % from a low of $ touched in August. The blockchain transaction fee is high to ensure the process is safe. The fee depends on the capacity of the transaction, the higher value.
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Caleb Franzen, founder of Cubic Analytics, noted that BTC mining stocks may also benefit from a strong performance of the equity markets. Users created over 1. Bitcoin is a popular cryptocurrency that allows users to send and receive payments without intermediaries. High transaction fees are a boon for publicly listed bitcoin miners and outperform range-bound BTC price. Miners solve computational puzzles to create blocks for the network.