The Dimecoin Database
What are network transaction fees?
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The fees included with a transaction are collected by network validators (miners or stakers) responsible for confirming transactions on the blockchain. Higher fees increase the priority of your transaction. In turn, it is more likely to be picked up and confirmed faster. Alternatively, lower fees may result in your transaction taking longer to be picked up from the mempool, where all the valid transactions wait to be confirmed. If the fee is too low, the potential exists that miners or stakers will not consider it for validation.