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So one of the things I liked the idea of was micro payments - eg click to donate 5 cents to the author of an article. Are there any crypto currencies that work
by rb808 9y ago
So one of the things I liked the idea of was micro payments - eg click to donate 5 cents to the author of an article. Are there any crypto currencies that work with negligible fees for micropayments? Is there a framework to use them?
Thanks
- nvusuvu 9y agoBitcoin cash, a hard fork from the original Bitcoin. Super low fees, and the community that supports Bitcoin cash considers themselves the Bitcoin for the people. There are apps/wallets to use them. Coinbase will support Bitcoin cash by Jan 2018.
- celticninja 9y agoLitecoin
- igorgue 9y agoHow about 0 fees? Try Steem (almost Steam lol), it's meant to do that https://steemit.com https://steemit.com their site is a social network where people get pay on Steem that isn't trying to phish for your personal data.
- nicky0 9y agoLightning network (a 2nd layer on top of bitcoin) aims to solve this.
- canadaduane 9y agoA friend recently introduced me to IOTA. Its intended purpose is machine-to-machine transfer of value. It does so without fees by requiring each transactor to sign two other transactions. I kind of like how it turns the "ponzi" data structure into a useful workhorse, and pays for its own workload.
- AgentME 9y agoPretty much all cryptocurrencies right now follow the same model as Bitcoin, and require similar fees when congestion increases. (See Ethereum's recent fee spike when CryptoKitties took off.) The Bitcoin and Ethereum communities are both seriously exploring and working on solutions like off-chain transactions to solve this issue.