Questions tagged [who gets]

CryptoLegend Sun Oct 27 2024 | 6 answers 1376

I'm wondering about the fees charged by Uniswap. Specifically, I want to know who receives these fees when a transaction is made on the Uniswap platform.

Moonshadow Sat Sep 14 2024 | 6 answers 1596

Could you please elaborate on the topic of who ultimately receives the Bitcoin (BTC) fees? Are these fees distributed to miners who verify transactions on the blockchain? Or do they go to a centralized authority or third-party service? Additionally, is there a specific formula or mechanism in place for determining how these fees are allocated among miners? It would be insightful to understand the economics behind BTC fees and the role they play in maintaining the security and decentralization of the Bitcoin network.

Rosalia Tue Sep 10 2024 | 5 answers 1018

Excuse me, but could you please clarify for me who exactly bears the responsibility of paying the gas fees on Ethereum transactions? I understand that gas is a unit of measurement used to determine the amount of computational effort required to execute a transaction or a smart contract on the Ethereum blockchain, but I'm not entirely sure who is responsible for covering these costs. Is it the sender, the receiver, or perhaps both parties involved in the transaction? Additionally, could you provide any insights into how these fees are calculated and what factors influence their size? Thank you in advance for your assistance.

WhisperInfinity Tue Sep 03 2024 | 6 answers 1115

I understand that transaction fees are an essential part of the cryptocurrency ecosystem, but I'm a bit confused about who ultimately bears the cost of these fees. Is it the sender, the receiver, or does it depend on the type of transaction? And if it's the sender, do they have any control over how much they pay in fees, or is it predetermined by the network? Could you please clarify who gets charged the transaction fee and any factors that might influence the amount?

Stefano Mon Sep 02 2024 | 5 answers 1024

Excuse me, but could you please clarify for me who actually receives the transaction fee in cryptocurrency transactions? Is it the miners who verify and add the transactions to the blockchain, or is it someone else entirely? I'm trying to understand the mechanics behind it and how it contributes to the overall security and stability of the network. It would be greatly appreciated if you could provide me with a detailed explanation of the process and the reasoning behind it.