Model 10 · Network

The Blockspace Market

Why fees rise and fall, and how miners fill a block.

Intermediate≈ 12 min

Explanation level

How to use this model

How to use this modelWhat you see, what you can touch, what changes, what to take away

What am I looking at?

A transparent transaction reservoir of differently sized containers feeding a mechanical block assembler bounded by the block-weight limit.

What can I touch?

  • Add transactions
  • Adjust fee rates
  • Increase congestion
  • Change sizes

What happens when I change something?

Add congestion or change fee rates and the next block is refilled by (package) fee rate; low-fee transactions wait, and RBF or CPFP can move one forward.

What should I understand afterwards?

Explain why limited block space creates a fee market.

Understand why fees exist.

Limited seats on a train; people bid for them.

After this you can

  • Explain why limited block space creates a fee market.

Open the model in its own window · works offline once loaded

Missions operate the model to complete them

  • Just enough fee

    Intermediate

    Choose a fee rate that gets into the next block under congestion, without overpaying.

Missions are checked from the model's own simulation state, not from clicks. No time limit. Completion is stored only in this browser. The quiz questions in the learning paths remain available.

Tutor Ask a question, or let the tutor show you around

The tutor answers by explaining and, within the permissions below, by operating this model. Every change it makes is shown and listed, and you can undo it. It cannot run code, read your browser data or see anything secret. The page works the same without it.

What the tutor may do
What the tutor did

    Common mix-ups

    Myth: Miners pick transactions by individual fee rate.
    In fact: Template building considers packages (ancestors), so a child can pull in its parent.

    Concepts in this model

    Helpful to know first

    Next recommended

    Model 16 · NetworkThe Lightning Channel MachineMany payments, two blockchain transactions when closed cooperatively.

    Part of these learning paths