Re: Is there a possibilty for transactions with no fees in the future?
A lot of projects come out these days claiming they can reduce transaction fees and reduce transaction time and they add a lot of fancy ass built on a revolutionary blockchain blah blah blah. My point is there are a lot of projects like that. They work but some better and faster than the other.
I was bored this week and went out to explore new developments in crypto space, apart from those Trump stand strong memes lol I discovered this token called NEXA. It's a PoW token that preaches faster transactions and lower transaction fees just lie a lot of em, but the part I found really interesting is Bitcoin unlimited which some of you might know were one of the architects of Bitcoin. I'm curious if any of you know squat about the project and if it's any good?
I was bored this week and went out to explore new developments in crypto space, apart from those Trump stand strong memes lol I discovered this token called NEXA. It's a PoW token that preaches faster transactions and lower transaction fees just lie a lot of em, but the part I found really interesting is Bitcoin unlimited which some of you might know were one of the architects of Bitcoin. I'm curious if any of you know squat about the project and if it's any good?
We already have feeless transactions. Besides Nano, there are many others which bring the flexibility of low fees and quick transaction settlement times. EOS, STEEM, and HIVE are one of them. The thing is zero fee coins are not that popular because they don't provide a renevue stream to node operators. PoW and PoS with a fee model bring that extra money to both miners and stakers/validators.
So even if the user benefits from zero fees, the coin itself won't be able to get off the ground without the support from the mining/staking industry. This is what moves the whole crypto market. You do you think XRP hasn't reached new heights? Because even though it's not a zero fee coin, it doesn't have a reward mechanism for validators. It's all about money these days. I'm afraid feeless coins will remain a niche for as long as they live.
