The Dimecoin Database

< All Topics
Print

What are network transaction fees?

We put our best effort into covering all topics related to Dimecoin. Each section will cover a different category.

REMINDER: This documentation is always evolving. If you have not been here for a while, perhaps check again. Things may have been added or updated since your last visit!

Network Fees

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.

Previous What are receiving addresses, public keys, and private keys?
Next Why was my transaction rejected?
Page Contents