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Chaucha crypto | A Short History of Bitcoin Fees and Why They Matter In the beginning, fees existed in Bitcoin for the purpose of preventing spam transactions that could eventually clog the blockchain. Earnings Call Transcript. Transaction fees are generally calculated based on the transaction size in bytes and the current network congestion. Miners on blockchains have to spend resources such as computing power or electricity. It is no secret that some exchanges charge an arm and a leg for transactions. Users of the blockchain must pay fees for their transactions to be included in a block. |
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