Network fees, also known as transaction fees, are costs you pay to get your transaction processed on a blockchain.
Here's how they're determined, simplified:
Supply and Demand: More people making transactions can mean higher fees. Fewer people? Possibly lower fees.
Transaction Space: Some blockchains have "blocks" that can hold more transactions. If there's more space, fees might be lower.
Type of Activity: On some networks, like Ethereum, different actions (sending coins, using a contract) can cost different amounts.
Speed Preference: If you want your transaction processed faster, you might pay a higher fee.
Miner Preferences: Those who process transactions might prioritize ones with higher fees and might have a minimum fee they accept.
Network Rules & Upgrades: Changes to how a blockchain works can affect fees.
External Tools: Wallets or exchanges might suggest fees based on current conditions or add their own fees on top.
Always check the expected fee before making a transaction, as it can vary based on these factors.
NOTE: Using decentralized applications like Primex always implies paying network fees, however, Primex doesn't receive any portion of these fees as revenue.