Posts

RE: Web 3 Requires Zero Gas Fees: They Are Talking About Hive Again

avatar of @bozz
25
@bozz
·
·
0 views
·
1 min read

I've been saying for a while that we really take things for granted here. The idea of fast fee-less transactions is just second nature to us. It's only when I need to use ETH for something that I am usually reminded of this!

SKALE takes things in a different direction by allowing applications to pay the validators directly, in exchange for the removal of transaction fees on its users. This is an interesting concept which is certainly a step forward.

Sounds a bit similar to the current credit card system where businesses can either pay a subscription to cover the processing fees or pass those along to the buyers.

Posted Using LeoFinance Beta