Whitepapers Stories Figures Glossary Graph Search

Fee Market

Transactions 2 references

The mechanism by which users compete for inclusion by paying fees. Fee markets allocate scarce block space and influence confirmation times during congestion.

Appears in 2 whitepaper sections

$USDC USD Coin
Token Lifecycle
...a, minutes on Ethereum -- and transaction costs are determined by the network's fee market rather than by Circle or CENTRE. The redemption process operates as the invers...
$BCH Bitcoin Cash
Monetary Policy
...ategy. Bitcoin's scaling philosophy, which constrains block space to maintain a fee market, implicitly relies on high per-transaction fees to compensate miners as block r...