#blockchainexplained — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #blockchainexplained, aggregated by home.social.
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What Are Crypto Network Fees? (Explained Simply)
Every transaction on a blockchain requires a small fee — known as a network fee (or gas fee).
These fees aren’t paid to a company.
They go directly to the validators and miners who keep the network running, secure, and spam-free.They exist to:
• Reward network participants
• Prevent misuse and spam
• Prioritize transactions
• Maintain blockchain security#nirvista #BlockchainBasics #CryptoEducation #GasFees #BlockchainExplained
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🪙 Coin vs 🔖 Token — same same, but very different!
Coins run on their own blockchain (like Bitcoin), while tokens live on existing blockchains (like USDT on Ethereum).#CryptoBasics #CoinVsToken #BlockchainExplained #CryptoInvesting #LearnCrypto #CryptoForBeginners