Network Gas Fees are the transactional costs users pay to execute operations or transactions on a blockchain network. These fees serve to compensate validators or miners for processing and securing the network. They act as an economic incentive for network participants.
Context
Network gas fees are a constant discussion point in blockchain scalability debates. Ongoing efforts focus on reducing these costs through layer-2 solutions and protocol upgrades to improve user experience and network accessibility. Managing these fees is vital for widespread adoption.
The OCC's new guidance legitimizes holding native blockchain assets for operational network costs, structurally integrating public DLT infrastructure into the national banking system.
The OCC's Interpretive Letter 1186 provides critical balance sheet clarity, enabling banks to operationalize DLT systems and mitigate third-party risk.
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