Question:
Easley, O’Hara, and Basu (2019) show that transaction fees increase whenever the (coinbase) reward for mining a block goes down.
Author: timothy NtambalaAnswer:
False. Easley, O’Hara and Basu find that transaction fees increase in case of queuing problems, not by reduction in coinbase rewards. This is because transaction fees get you priority to be on a block, so this price goes up when there’s a larger que.
0 / 5 (0 ratings)
1 answer(s) in total