transaction fee

Phonetic: /trænˈzækʃən fiː/

Part of Speech: noun

Category: To be determined

A small fee imposed on transactions sent across a blockchain network. These fees are used to pay network validators or miners for their participation in consensus, and thus ensure that a blockchain network is self-sustaining.

Definition source: Mapachurro probably wrote this.

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This word came from... the ether

Date first recorded: Unknown

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