When you send crypto and see high Gas fees, you get annoyed. But for Miners, it a joy. Transaction fees are not just profit; they are a vital mechanism for Blockchain longterm survival.
🔸 Currently, Miner income comes mainly from Block Subsidy. However, after every Halving every 4 years, this reward is cut in half. 👉 Transaction fees exist to fill that gap. In the future when all Bitcoin is mined by 2140, Miners will survive 100% on user transaction fees.
🔸 If sending transactions were free, bad actors would spam the network with billions of junk transactions (DDoS Attack) to clog it up. 👉 Fees act as a Ticket Gate. They force users to think before sending. Attackers wanting to spam must pay a massive price. Making the attack financially unviable.
🔸 Space inside a Block is limited. When the network is congested, everyone wants to go fast. 👉 Fees create an auction market: Who pays more gets served first. Miners are business people; they always pick the juiciest transactions to pack into the block.
🔹 Transaction fees represent fairness. You pay to buy security and speed.
If fees are too low, Miners shut down due to electricity costs 👉 Network becomes vulnerable.
If fees are too high, users leave. The balance of fees is the true health metric of an ecosystem.
Are you willing to pay high fees for absolute security, or do you accept risks on cheap networks with fewer defending Miners?
News is for reference, not investment advice. Please read carefully before making a decision.
