3 ms·
Bitcoin can only support a limited number of transactions per block. If there are more desired transactions then their is room for, then the transaction fees wi
by gizmo686 9y ago
Bitcoin can only support a limited number of transactions per block. If there are more desired transactions then their is room for, then the transaction fees will rise until demand falls to meet supply. This is happening, and the current dispute in bitcoin is how to increase supply.
- pavel_lishin 9y agoBut that's the cost of use, not management.
- gizmo686 9y agoThey are equal. The transaction fees go to miners. The difference between the value of fees and cost of mining is the miners profit. If the profit gets too large, new miners enter. This increases the cost of maintaining the network until it meets the net value of transaction fees (plus newly minted coins).