Post
Topic
Board Altcoin Discussion
Re: why gas price?
by
skorupi17
on 23/05/2018, 07:49:45 UTC
just curious why is there gas when banks send funds for free.

The gas or transaction fee is a compensation to miners who processes our transactions. You might not aware but banks also charges transaction fees to their clients. The gas or tx fee of cryptocurrency is much cheaper than of the banks. Those who offers zero transaction fee have servers that could be penetrated by some random hackers. So in terms of security, cryptocurrency is much reliable than banks.