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So with the hard limit there's a set amount of transactions that fit into a block? And whoever wants to get their transaction validated faster can bid a higher

So with the hard limit there's a set amount of transactions that fit into a block? And whoever wants to get their transaction validated faster can bid a higher fee?

wereHamster 9y ago
Yes, that is why the transaction fee for BTC has increased in the past (see https://fork.lol/tx/fee https://fork.lol/tx/fee), which some people didn't like and argued for a larger block size.