Transaction fees

Transaction fees, also known as network fees or gas fees, are charges imposed on users for executing transactions on a blockchain network. They serve several purposes, including incentivizing miners or validators to include transactions in blocks and prioritize them based on the fee paid. Transaction fees help maintain the security and integrity of the network by preventing spam or denial-of-service attacks. Higher fees often result in faster transaction confirmation, while lower fees may lead to longer confirmation times. Transaction fees vary depending on the blockchain network and the level of network congestion.