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Merge pull request #102 from gagan7gb/patch-20
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Update transaction-fees.md
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Depth-Hoar authored Mar 1, 2022
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Several resources in a blockchain network are limited, for example, storage and computation. Transaction fees prevent individual users from consuming too many resources. Edgeware uses a weight-based fee model as opposed to a gas-metering model. As such, fees are charged prior to transaction execution; once the fee is paid, nodes will execute the transaction.

[Web3 Foundation Research](https://research.web3.foundation/en/latest/polkadot/Token%20Economics.html) designed the Polkadot fee system with the following objectives:
[Web3 Foundation Research](https://research.web3.foundation/en/latest/polkadot/overview/2-token-economics.html) designed the Polkadot fee system with the following objectives:

* Each Relay Chain block should be processed efficiently to avoid delays in block production.
* The growth rate of the Relay Chain should be bounded.
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