Transaction fee increase refers to a rise in the cost required to process and confirm transactions on a blockchain network. This typically occurs due to increased network congestion, where high demand for block space drives up the price users must pay to prioritize their transactions. It can impact network accessibility and affordability. This often signals high network utilization.
Context
News reporting on transaction fee increases often provides context for periods of high network activity or specific network events. While it can deter some users, it also indicates strong demand for the blockchain’s services. Understanding the causes of fee increases is crucial for assessing network health and scalability challenges.
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