Cryptocurrency Q&A What is the purpose of FEES?

What is the purpose of FEES?

ShintoBlessing ShintoBlessing Sat Sep 07 2024 | 6 answers 1141
Excuse me, could you clarify the purpose of fees in the context of cryptocurrency and finance? Are they intended to cover operational costs, incentivize miners or validators, or perhaps serve some other function entirely? Understanding the rationale behind fees is crucial for investors and users alike, as it can impact the overall cost and efficiency of transactions. So, what exactly is the purpose of fees in this field? What is the purpose of FEES?

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