@Tanay388 21 March 2021 more from that month

Why are there cryptocurrency transaction fees? Who benefits? 🤔🤔🤔🤔 The fees are received by miners. More specifically, the fee is received by the miner who verifies the block on the network which contains your particular transaction. Miners receive the fees because they use their computing power to verify transactions and uphold the security of the network. Miners receive these fees in addition to the new cryptocurrency that is released when a new block is mined. In other words, they are doubly incentivised to do the work they do because they receive both fees and the ‘block reward’. #Club1Bch