I feel it was the blockchain […] can they cost a fee?
Small b blockchain
The phrase blockchain, with a small “b”, often refers back to the record of all Bitcoin transactions worldwide for the reason that starting. It is a chain of blocks (like a e book of pages). Each full Bitcoin node retains a duplicate of this record referred to as the blockchain, together with wallets utilizing software program resembling Bitcoin core.
Since this record will not be an individual a enterprise or any sort of organisation it could’t do issues like cost a fee.
While you use a pockets to spend cash, your pockets gathers sufficient quantities of cash as “inputs” to make the specified fee “output”. Your pockets reserves an extra quantity you choose referred to as the transaction charge. The transaction charge pays the miners. Word that miners cannot take cash or make fees, they will solely accumulate the charge you may have set whenever you create your transaction. If there may be any cash left over from the inputs - output - transaction-fee, your pockets specifies an additional output that returns this “change” again to you.
Word that you simply select the quantity of the transaction charge. A small charge means it takes longer for miners to expire of higher paying transactions to incorporate in new blocks and get round to together with yours. Nobody can alter your transaction so as to add a fee cost.
Word additionally it is not potential for the recipient to solely obtain part of the quantity you specified because the output quantity to ship them. They get the entire quantity when the transaction is confirmed or they get nothing if the charge is so low that the transaction by no means will get confirmed – in that case, you continue to have the cash.
Massive B Blockchain
There may be at the very least one enterprise that selected to incorporate the phrase blockchain of their identify. That is Blockchain.com, Inc. They’ve had different company names up to now. They don’t seem to be accountable for Bitcoin and they don’t seem to be accountable for the blockchain. Numerous Bitcoin customers by no means use this enterprise. Nor some other enterprise prefer it.
Bitcoin was designed for use with out the involvement of one of these enterprise however many individuals select to offer their cash to this form of enterprise to take care of for them.
This enterprise can cost you no matter charges they need, the authorized jurisdiction through which you reside most likely requires that any such charges are described within the phrases and situations doc that the enterprise makes out there to its clients.
Surprising charges
Swindlers and confidence tricksters like to steer their victims that further charges have to be paid. Surprising charges are a standard function of this type of fraud.
