Re:Avg. Transaction Fee of Bitcoin Surpassed the Peak from 2017
by noxer on Friday April 23, 2021 @06:44AM
(#26913261)
Its not solving the problems its just makes it less severe for a while.
There is always an interest for miners to maximize Tx fees.
You could make the block size infinite and there would still be no reason for a miner to add all pending Tx. Why would they If they can force people to pay a fee. The solution is to get rid of the fee. That's the only way you can have a system that wants the maximum throughput for the minimum cost, because no one makes money from it.
Hence systems like the XRPL dont have real Tx fees they only have a tiny pseudo fee that isn't going to anyone its simply burned instead and only acts as a spam protection.
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