Burnt & Txn Savings Fees:
时间: 2024-06-01 09:08:09 浏览: 258
Burnt fees refer to the fees that are taken out of circulation and destroyed, reducing the total supply of a cryptocurrency. This is usually done to create scarcity and increase the value of the remaining tokens.
Transaction (Txn) savings fees are fees that are paid by users to miners to process their transactions on a blockchain network. These fees can vary depending on network congestion and the size of the transaction. Some blockchain networks like Bitcoin have a limited block size, which can lead to higher transaction fees during times of high demand. Other networks like Ethereum have implemented solutions like gas fees to help regulate transaction fees based on the complexity of the transaction.
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