Post
Topic
Board Development & Technical Discussion
Re: how does transaction fees work
by
ranochigo
on 30/06/2021, 09:48:57 UTC
thank you all for your answers Wink

i would like to create an app that allows users to quickly and cheaply go through transaction such as for payment in the supermarket etc.

Now I understand more how transactions work on the bitcoin network and how it works at ripple.

Now I wonder which network is best to do this with.
I assume that on the btc and eth network will not work.
Is the bep20 network of binance a good idea or will the transaction costs here also be too large for the concept I would like to implement?


thanks again to everyone who is trying to help me find my way around this.

 Grin
The kind of cryptos that you're choosing is dependent on what the customer wants. You can choose to implement a basket of them to give the option to choose whichever they like.

If you want to use Bitcoin, do it off-chain. Lightning network for example. Choosing most alts either results in lower usage due to the smaller userbase or just extreme volatility. You'll have to do your own research on this part.