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  • What Are Blockchain Transaction Fees?

    What Are Blockchain Transaction Fees?

    Transaction fees serve two essential purposes when it comes to blockchain networks. They reward miners or validators who help confirm transactions and help protect the network from spam attacks.

    Transaction fees can be both small or large, depending on the network activity. Market forces can also influence the fees you pay. While high fees can hinder wider blockchain adoption, very low fees could potentially bring security concerns.



    Why transaction fees?...
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  • How to Cancel or Replace a Pending Ethereum Transaction

    How to Cancel or Replace a Pending Ethereum Transaction

    If you've used the Ethereum network before, you've likely experienced a transaction that takes longer than usual to confirm. This happens because of the way the miners prioritize transactions – users who offer higher fees get priority.

    If your Ethereum transaction is stuck because the gas fees are low, you will need to wait until the fees drop and miners finally process your transaction. However, you also have the option to replace the pending transaction with a new one that has a...
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