Real-time fees are transaction costs calculated and applied instantly at the moment a digital asset transaction is initiated or processed. These fees can fluctuate based on network congestion, demand for block space, or the specific computational resources required for a transaction. Their dynamic nature provides immediate feedback on network conditions. This pricing model aims to optimize network resource allocation.
Context
News often reports on real-time fees when discussing network congestion on popular blockchains or the cost-effectiveness of various layer-two scaling solutions. High real-time fees can deter users and impact the usability of decentralized applications. The development of more predictable and stable fee markets remains a significant area of focus for blockchain engineers.
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