Terenval Crypto Glossary · Русская версия

Bitcoin fee rate

Definition: Bitcoin fee rate is the transaction fee expressed relative to transaction virtual size, commonly measured in satoshis per virtual byte (sat/vB).

A higher fee rate can improve a transaction's competitiveness for block space, but miners choose transactions according to their own policies and current mempool conditions.

How this concept appears in Terenval Wallet

When Terenval prepares a Bitcoin transaction, the network fee should be understood in the context of Bitcoin transaction size and prevailing fee conditions.

Important: Compare fee rate rather than only absolute fee when diagnosing why a Bitcoin transaction is waiting in the mempool.

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Sources and review

Published and technically reviewed by Terenval; product claims are first-party information.