Timeline for How can transaction fees be explained in a simple way?
Current License: CC BY-SA 4.0
6 events
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| Jan 26, 2021 at 18:01 | history | edited | ieatpizza | CC BY-SA 4.0 |
clarified "fee" vs "fee rate" and reworded some stuff
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| Jan 26, 2021 at 17:55 | comment | added | user103136 | The question is about "Bitcoin transaction fees". There was no need to mention altcoins in it in my opinion. The way it was mentioned looked wrong. Also if at all you need to suggest low few options in answer there are layer 2 options in Bitcoin. | |
| Jan 26, 2021 at 17:48 | comment | added | ieatpizza | @Prayank why edit it? that sentence is relevant to the answer. | |
| Jan 26, 2021 at 17:42 | history | edited | user103136 | CC BY-SA 4.0 |
deleted 193 characters in body
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| Jan 26, 2021 at 16:30 | comment | added | Murch♦ |
Good answer. It would be great if you distinguished "fee" and "feerate", it's often a source of confusion when people talk about feerates but call it the fee, just like the absolute fee. Also note that most nodes run with the default minRelayTxFeeRate of 1 sat/vB, so they'll not add any transactions with feerates below that to their mempool and corollary also not relay it. If you wanted to pay less, you'd likely have to find a miner that accepts that and submit to them directly.
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| Jan 26, 2021 at 14:18 | history | answered | ieatpizza | CC BY-SA 4.0 |