The Bitcoin network's transaction fees and throughput are often cited as positive or negative catalysts for the value of BTC1, depending on when and
who you ask. The volatility of fees has led to the development of polarizing narratives, they are simultaneously characterized as being too high and too low. For users of Bitcoin, its transaction fees represent an unpredictable cost, but a known benefit: global 24/7 digital final settlement of a highly liquid asset. Historically, Bitcoin's transaction fees have been a small part of miners' revenue relative to "minting" new BTC for the ledger, but long term these
fees may become the primary source of miners' revenue.