Beginner
Blockchain & Web3
Q39 / 100
What is the purpose of a "transaction fee" on a blockchain network?
Correct! Well done.
Incorrect.
The correct answer is A) It compensates miners/validators for processing the transaction and helps prevent spam by adding a cost to network usage
A
Correct Answer
It compensates miners/validators for processing the transaction and helps prevent spam by adding a cost to network usage
Explanation
Fees incentivize validators to include transactions and discourage network spam, with fees often fluctuating based on network demand and transaction complexity.
Progress
39/100