How to pay for the blockchain?

Blockchain is a decentralized database technology, which records transaction information on multiple nodes to make the data tamper-proof and traceable. Trading on the blockchain usually requires the following steps:

Create a wallet: users need to create a wallet on the blockchain to store digital assets, such as Bitcoin and Ethereum. Every wallet has an address and a private key, and users need to keep the private key properly to avoid being stolen by others.

Transfer: To make a transaction, you need to send the digital assets to the other party's wallet address. This usually requires the user to fill in the other party's wallet address and transfer amount in the wallet application, and select the appropriate transfer fee. After the transfer is completed, the transaction information will be broadcast to the blockchain network.

Confirm the transaction: When the transaction is broadcast on the blockchain network, miners will begin to verify the transaction information and package it into a new block. This process usually takes some time because it needs to wait for enough miners to verify and confirm the transaction information.

Complete a transaction: Once a transaction is packaged into a new block, it is considered complete. After the transaction is completed, the digital assets will be deducted from the sender's wallet and transferred to the receiver's wallet.

It should be noted that trading on the blockchain may require a certain handling fee, which is to encourage miners to verify the trading information and package it into the block. The higher the handling fee, the shorter the transaction confirmation time.