Bitcoin Fee To Reward Ratio , How To Calculate And Why It's Necessary In Crypto Market

in Steem Alliance • last year
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Greetings from me to all the members of this community I'm fine Allhamdulillah and i hope all are well and also doing well.Today's I'm again here with the new post and I'm going to share about bitcoin fee for reward ratio.I will explain how to calculate it and why it's necessary in crypto market.
Bitcoin Fee To Reward Ratio
In the world of crypto currency bitcoin fee to reward ratio refers to the ratio of reward that the miners has been mined the bitcoin and the some portion of the reward sent to block and that's called bitcoin fee to reward ratio.

When any miner did any transaction in the blockchain during mining and then after mining the miner collect some reward as fo mining and some percentage of reward sent to the blocks of the blockchain and that's know as bitcoin fee to reward ratio.

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As per some of rules of blockchain the fee to reward ratio is almost near 50% because miner also get other rewards in the mining process .The bitcoin fee to reward ratio has been disturbed with the blocks.

Purpose of dividing the this reward ratio is to set the high proxy of the blockchain security and the main purpose for the reward ratio is maintain the blockchain security and outgoing process because thus reward ratio helps blockchain network.

How To Calculate It?
Before going to explain how to calculate it I'm going to share another important thing is that what is basically the transaction fee in the blockchain.Basically transaction fee in the blockchain refers to the small amount of assets paid by the miners to blockchain blocks.

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The method of collecting these reward ratio has been calculated through a formula and it's that the fee of transaction that the miner did divided into the reward of block of the blockchain because the miners use blockchain blocks for transactions.

Basically bitcoin fee to reward ratio is similar to the bidding system and as we all know biding system include high fess for transactions and that's why in the blockchain the miners use the blocks of the blockchain for doing any transaction because it contains less fees.

Why It's Necessary?

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  • The first reason that why bitcoin fee to reward ratio is necessary because the blockchain work with the combination of all the miners and if they pay fee then it will work.

  • The second reason that why bitcoin fee to reward ratio is necessary that as we know blockchain security is very important and so that the bitcoin fee to reward ratio helps blockchain for better security.

  • Another major reason that why bitcoin fee to reward ratio is necessary is that blockchain basically consist on rewards and in blockchain transaction the miners pay fee to blockchain.

  • Another major reason is that blockchain development is very necessary and the blocks of the blockchain plays an key role for the development and reward ratio help the blockchain's blocks.

Conclusion
In this post i have shared about bitcoin fee to reward ratio and i also explain how to calculate it and why it's necessary.It is very beneficial topic for the crypto currency lovers and i hope this will be very beneficial for all users.

Regards By

@azmat545

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      Upvoted! Thank you for supporting witness @jswit.

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        Dear @azmat545 ,

        We appreciate your active participation and contributions to our community. To ensure a positive environment for all members, we have implemented a set of guidelines to maintain respectful and constructive discussions while upholding community guidelines.

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          You have nice content but I encourage that you increase the overall quality of your post

        Now Engage, Connect, and Inspire Each Other to Reach New heights.

        Thank You.

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