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Transaction Fee

Glossary-Start

What is Transaction Fee?

The payment a user grants to the network to include her transaction in the blockchain. To submit a transaction a user needs to add a fee that is given as an incentive to nodes to maintain the blockchain. The fee is usually attached to the transaction itself; if the transaction is rejected the fee is usually returned to the user. Fees also serve as a deterrent to users from spamming or otherwise abusing a blockchain.

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