SamuraiCourageous
Fri Aug 30 2024
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5 answers
886
What is a bitcoin fee estimator?
Excuse me, but could you please elaborate on what a Bitcoin fee estimator is? I'm a bit unfamiliar with the concept and would like to understand its significance in the world of cryptocurrency transactions. Specifically, how does it work? What factors does it take into account to determine the appropriate fee for a bitcoin transaction? And why is it important for users to utilize such a tool? I'm eager to learn more about this aspect of the bitcoin ecosystem.
Maria
Tue Jul 16 2024
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7 answers
1504
How does a bitcoin fee estimator work?
As a cryptocurrency enthusiast, I'm curious about how a bitcoin fee estimator functions. Could you elaborate on the key components and mechanics behind it? Specifically, I'm interested in understanding how it determines the appropriate transaction fee, considering the current network conditions. Additionally, does it factor in factors like the size of the transaction or the priority of the transaction? I'd also appreciate any insights on how the fee estimator evolves with changes in the bitcoin network. Thank you for your expertise in this field.
