4 ms·
The transaction costs are variable depending on the speed with which you want your transaction processed. Miners have an incentive to include transactions with
by BlackInkstoan 6y ago
The transaction costs are variable depending on the speed with which you want your transaction processed. Miners have an incentive to include transactions with the highest fees in the next block, so when the network is congested with tons of unprocessed transactions, you'll be paying more.
And that's only looking at on-chain mechanics. Solutions exist to remedy issues with scalability of the underlying blockchain.
- abc_lisper 6y agoInteresting. Does it mean Bitcoin is not immune to DOS attacks where basically me and my friend transfer 0.0000001 btc between each other repeatedly for giggles.
- SamBam 6y agoMy understanding is that the miners would have no incentive to include the transaction, and so each transfer would take a long time to be processed.