From 4fe03c9567d8993cbd0b976d473b173b97cf715b Mon Sep 17 00:00:00 2001 From: Patrick Lemke Date: Thu, 20 Feb 2020 17:53:34 +0100 Subject: [PATCH] capitalization --- ch03.asciidoc | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/ch03.asciidoc b/ch03.asciidoc index 1cd2621..4435159 100644 --- a/ch03.asciidoc +++ b/ch03.asciidoc @@ -467,7 +467,7 @@ Higher value payments will thus cost more to route, and a market for capacity wi ==== Varying Fees Depending Traffic vs Announced Fees -On the Bitcoin Network, miners are profit-seeking, and so will typically include as many transactions in a block as possible, while staying within the block size limit (actually, a modified form called the block weight limit). +On the Bitcoin network, miners are profit-seeking, and so will typically include as many transactions in a block as possible, while staying within the block size limit (actually, a modified form called the block weight limit). If there are more transactions in the queue (called the mempool) than they can fit in a block, they will begin by mining the transactions that pay the highest fees per byte (highest fee per weight). Thus, if there are many transactions in the queue, users will have to pay a higher fee to be included in the next block, or they will have to wait until there are fewer transactions in the queue. This naturally leads to the concept of 'traffic' and the creation of a fee market where users pay based on how urgently they need their transaction included in the next block.