Definition ∞ Network Transaction Cost represents the total expense incurred to send or process a transaction on a blockchain. This encompasses gas fees, considerations for network congestion, and the speed of confirmation. It reflects the overall economic burden of network usage.
Context ∞ Managing network transaction costs remains a central challenge for many blockchain platforms. High expenses can deter users and hinder widespread adoption, prompting continuous innovation in scaling solutions and fee market designs. Optimizing these costs is crucial for ecosystem growth.
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