What are the transaction fees associated with using Mina Protocol?
The transaction fees associated with using Mina Protocol are determined by the network's consensus mechanism.
The consensus mechanism is based on a proof-of-stake (PoS) system, which means that users must stake their Mina tokens in order to participate in the network and validate transactions. The amount of Mina tokens staked determines the amount of fees that will be charged for each transaction. The fees are calculated based on the size of the transaction and the amount of Mina tokens staked by the user.
The more Mina tokens a user stakes, the lower their transaction fees will be. Additionally, users can also opt to pay higher fees in order to have their transactions processed faster.
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