network transaction fees

Coin's first chart (in US$ terms) - Green line is total transaction fees per day, in US$; Blue line is transaction fees per block, in US$.

Coin's second chart (in coin terms) - Green line is total transaction fees per day, in coins; Blue line is transaction fees per block, in coins:

network transaction fees explained

As discussed in the network cost / block reward section, the "block reward" is essentially a revenue item for miners, and a cost item for the rest of us.

Remember, it usually compromises both inflation (newly "mined" coins) and some form of transaction fees.

This section isolates and graphs transaction fees only. Typically, miners choose which transactions they want to include in each block, based on how high their transaction fees are. The higher the transaction fee, the more likely your transaction is to be included and eventually confirmed in the blockchain. A customary way to measure this in the market, in coin terms, is how many units of the coin's smallest denomination it takes to process 1 byte of data in each block (for example, "satoshis per byte" in Bitcoin's case).

Transaction fees are the "most visible" cost that everyone participating in the network can experience. Transaction fees have historically been incredibly small for each peer participating in the blockchain world, though with scale and more users, we have seen transaction fees rise overall.

Displayed above are transaction fees first in US dollar terms; then second in each chain's native coin terms.