Questions tagged [data space]

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KpopMelody KpopMelody Sat Jun 08 2024 | 5 answers 1312

Why is it so expensive to send Bitcoin?|, so generally speaking, the more transaction Bitcoin miners have to process for the network, the higher the fees — as one goes, so does the other.Data space in each new Bitcoin block is limited

Why is sending Bitcoin so costly? Could you elaborate on the reasons behind this? I've heard that the fees increase with the number of transactions miners need to process. Could you explain how this works? Is it related to the limited data space in each new Bitcoin block? If so, how does that affect transaction costs? It would be great if you could break it down for me in simple terms.

Why is it so expensive to send Bitcoin?|, so generally speaking, the more transaction Bitcoin miners have to process for the network, the higher the fees — as one goes, so does the other.Data space in each new Bitcoin block is limited

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