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Transaction fees, explained

November 1, 2020 by DIGIT
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Why do blockchains need transaction fees — and which networks allow crypto to be transferred less expensively? This explained article takes a look.

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Categories bitcoin block size, Blockchain, Cryptocurrencies, Digital Asset, Fees, ILCoin, Transactions
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  • bitcoinBitcoin(BTC)$107,436.00-2.18%
  • ethereumEthereum(ETH)$2,481.34-4.03%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.21-2.81%
  • binancecoinBNB(BNB)$651.95-1.52%
  • solanaSolana(SOL)$146.64-3.34%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • tronTRON(TRX)$0.283246-0.88%
  • dogecoinDogecoin(DOGE)$0.162140-5.55%
  • staked-etherLido Staked Ether(STETH)$2,479.84-4.02%
  • bitcoinBitcoin(BTC)$107,436.00-2.18%
  • ethereumEthereum(ETH)$2,481.34-4.03%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.21-2.81%
  • binancecoinBNB(BNB)$651.95-1.52%
  • solanaSolana(SOL)$146.64-3.34%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • tronTRON(TRX)$0.283246-0.88%
  • dogecoinDogecoin(DOGE)$0.162140-5.55%
  • staked-etherLido Staked Ether(STETH)$2,479.84-4.02%
© 2025 DIGIT INFO • Built with GeneratePress
  • bitcoinBitcoin(BTC)$107,436.00-2.18%
  • ethereumEthereum(ETH)$2,481.34-4.03%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.21-2.81%
  • binancecoinBNB(BNB)$651.95-1.52%
  • solanaSolana(SOL)$146.64-3.34%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • tronTRON(TRX)$0.283246-0.88%
  • dogecoinDogecoin(DOGE)$0.162140-5.55%
  • staked-etherLido Staked Ether(STETH)$2,479.84-4.02%
  • bitcoinBitcoin(BTC)$107,436.00-2.18%
  • ethereumEthereum(ETH)$2,481.34-4.03%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.21-2.81%
  • binancecoinBNB(BNB)$651.95-1.52%
  • solanaSolana(SOL)$146.64-3.34%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • tronTRON(TRX)$0.283246-0.88%
  • dogecoinDogecoin(DOGE)$0.162140-5.55%
  • staked-etherLido Staked Ether(STETH)$2,479.84-4.02%