Cryptocurrency Q&A What is an excess TX fee?

What is an excess TX fee?

Tommaso Tommaso Thu Sep 05 2024 | 0 answers 0
Excuse me, could you please clarify what an "excess TX fee" refers to in the context of cryptocurrency transactions? I'm not entirely familiar with this term and would appreciate a concise explanation. Is it a fee that's charged when a transaction exceeds a certain size or complexity, or is there another reason for its existence? Additionally, how does this fee impact the overall cost and efficiency of a cryptocurrency transaction? Thank you for your time and assistance. What is an excess TX fee?

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