FEES AND LIMITS
What are network costs?
Network costs are fees added to all transactions involving the use of the blockchain.
These costs are dynamic and calculated by 2gether’s own system, based on the congestion of the blockchain of the cryptocurrency used in each operation (Bitcoin or Ethereum). This way, 2gether obtains more control over these network costs to adjust the price and reduce the fees without losing any speed during the execution of these transaction.
To check the network’s saturation, it is necessary to take a look at the mempool of that blockchain (Bitcoin or Ethereum). The mempool is where all valid transactions wait to be confirmed by the blockchain. A high mempool size indicates more network traffic, which will cause a longer than normal confirmation time and higher than usual network costs.
Was this article helpful?
Should you not find the answer to your question or should you have a suggestion, please feel free to contact us.