Definition ∞ Income generated from charges applied to process transactions on a blockchain network or a centralized platform. These fees compensate validators, miners, or platform operators for their services and computational resources. It represents a fundamental economic component of many digital asset ecosystems.
Context ∞ The amount of income generated from transaction charges is a key indicator of network activity and economic utility for many blockchain protocols. Discussions often involve the sustainability of fee models, especially during periods of high network congestion or low user demand. Optimizing these charges to balance network security, user experience, and validator incentives is an ongoing area of development and debate.
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