Cryptocurrency Q&A
How do Bitcoin nodes get paid?
How do Bitcoin nodes get paid?
Sara
Wed Nov 06 2024
|
7 answers
2119
I'm wondering about the compensation mechanism for Bitcoin nodes. How do these nodes, which play a crucial role in maintaining the Bitcoin network, receive payment for their services?
7 answers
HanjiArtistry
Fri Nov 08 2024
This is achieved by collecting transaction fees from users.
Was this helpful?
243
78
Lucia
Fri Nov 08 2024
Users who want their transactions processed quickly opt to pay these fees.
Was this helpful?
120
91
noah_smith_researcher
Fri Nov 08 2024
By paying fees, transactions are prioritized by the network.
Was this helpful?
392
20
Dreamchaser
Fri Nov 08 2024
Nodes play a crucial role in the cryptocurrency network by verifying transactions.
Was this helpful?
349
27
Lorenzo
Fri Nov 08 2024
This ensures that their transactions are confirmed added and to the blockchain promptly.
Was this helpful?
310
22
Load 5 more related questions
