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by mattdesl
1502 days ago
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The burn is one part (and in many cases the majority of the transaction fee) but there is also an optional tip directed to miners which may incentivize them to include your transaction first. Transactions that are below the market fee will just sit in mempool waiting for a miner to pick it up. Eventually these 'stuck' transactions will be pruned by nodes to free up room for more rewarding transactions. I recently wrote a thread on how UI design changes could likely mitigate most of the overpaying that the Vice article is reporting on.[1] [1] https://twitter.com/mattdesl/status/1521427065437884417 |
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