Cryptocurrency Q&A What is an excessive transaction fee?

What is an excessive transaction fee?

BlockchainLegend BlockchainLegend Wed Sep 04 2024 | 6 answers 1431
Excuse me, could you please clarify what an excessive transaction fee entails in the world of cryptocurrency? I'm trying to understand if there's a specific threshold or benchmark that defines when a fee becomes "excessive," and how this could potentially impact users or the overall network. Is it related to the size of the transaction, the current market conditions, or perhaps the specific blockchain protocol being used? Thank you for your insights. What is an excessive transaction fee?

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