I'm wondering about the compensation mechanism for
Bitcoin nodes. How do these nodes, which play a crucial role in maintaining the Bitcoin network, receive payment for their services?
7 answers
HanjiArtistry
Fri Nov 08 2024
This is achieved by collecting transaction fees from users.
Lucia
Fri Nov 08 2024
Users who want their transactions processed quickly opt to pay these fees.
noah_smith_researcher
Fri Nov 08 2024
By paying fees, transactions are prioritized by the network.
Dreamchaser
Fri Nov 08 2024
Nodes play a crucial role in the cryptocurrency network by verifying transactions.
Lorenzo
Fri Nov 08 2024
This ensures that their transactions are confirmed added and to the blockchain promptly.