All valid transactions in the network must be processed. Delegates process transactions and store them in new blocks and receive fees as rewards. For this work, the delegates receive a fee. All transactions in the network must contain some type of fee as a spam countermeasure.
The minimum network fee for sending an LBTC transaction is 0.00001 LBTC. The amount depends on the size of this transaction. For example, a 1 LBTC transaction includes an additional fee of 0.00001 LBTC, so it cost 1.00001 LBTC totally.
The following is a list of fees for different types of transactions:
- 0.00001 LBTC of amount sent for a spend transaction
- 1 LBTC for registering delegate name
- 0.01 LBTC for voting delegates
- 0.01 LBTC for cancelvoting delegates
Delegates receive fees from all transactions of the block. Delegates who missed creating a block assigned to them during that cycle are not paid.