Post
Topic
Board Altcoin Discussion
Re: IOTA - buy some more?
by
illiki23
on 11/12/2017, 17:54:07 UTC
no other crypto has zero transaction fees, if they fix the wallet it should be the crypto nr1 by common sense

Love the technology but having zero transaction fees is a misconception.

Nodes that want to make a transaction must first confirm two other transactions on the network.  In a sense they are 'mining' to process their own transaction.  Thus there is an electricity cost which can be seen as a fee.  Projects which need to make a large number of transactions end up racking up considerable operations costs.  Way better than bitcoin though because of the optimal nature of the tangle versus blockchain.