A: The "Insufficient funds" error occurs when there is not enough network fee (TX Fee) available to execute a transaction. Network fees are paid to validators or miners to process transactions and maintain the blockchain network. This cost is not related to using the wallet but is required to add a transaction to the block.
A: Network fees provide an incentive for blockchain validators to verify transactions and add them to the block. This helps maintain a secure and stable network. Fees play a crucial role in fairly distributing network resources and managing network congestion.
A: If you have insufficient fees, ensure there is enough balance in your wallet or deposit additional funds if necessary. You can add funds by following How to Deposit Coins into Cosmostation.
A: Cosmostation automatically calculates the optimal fee to ensure your transaction processes smoothly. However, you may need to increase the fee depending on the network's congestion. Generally, increasing the fee can lead to faster transaction processing. Conversely, setting the fee too low might delay or cause your transaction to be ignored, making appropriate fee adjustment crucial.