Quote:
Originally Posted by afc wimbledon
I get that an increase in the number of transactions would increase the amount of fees paid, I dont understand how the actual fee itself would get raised, isnt the amount built into the system already?
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Because the number of transactions are capped in each block, sometimes during high transaction demand periods you need to bid a higher fee in order for your transaction to be processed faster. If your bid is too low, you could end up waiting for a long time. There's a website that shows this in a pretty cool graphical manner:
