Why the battle for low or no transaction fees really matters By Cointelegraph

During the frenzied bull run, transaction fees were running rampant. Over on the blockchain, they hit eye-watering highs of $196.638 back in May — rendering the network unusable for most everyday consumers.

The blockchain suffered from a similar issue the year before, accelerating to a record-breaking $300.331. When demand is high, it’s easy for Proof-of-Work networks to get congested — prompting miners to prioritize the transactions with the highest fees.

Material is provided in partnership with HitBTC

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