4 ms·
AFAIK RaiBlocks is the only coin that has tried to build a compeletely feeless cryptocurrency. Whether or not it will actually work, I don't know, and the curre
by brndnmtthws 9y ago
AFAIK RaiBlocks is the only coin that has tried to build a compeletely feeless cryptocurrency. Whether or not it will actually work, I don't know, and the current implementation has a lot of issues. But it's interesting if you're in to crypto. Furthermore, Lightning Network could provide a similar feeless system (excluding the settlement TXs).
- Klathmon 9y ago>Furthermore, Lightning Network could provide a similar feeless system (excluding the settlement TXs). There are even ways to get around the extreme majority of the fees for settlement transactions! Look up Channel factories for an idea on how even the opening and settlement transactions can be reduced to about 10% of their current size/cost for a single user. And there might be ways of interacting with channel factories to keep those settlement transactions off the main blockchain for the most part! Also, I'm fairly certain IOTA doesn't have any TX fees, as well as several others that came before RaiBlocks.
- brndnmtthws 9y agoIOTA has a few red flags: - partially closed source - has its own custom crypto - uses a bizarre internal trinary digit system, instead of binary - I've heard that it doesn't actually work, as in, you can't perform transactions In terms of the top ~25 coins by market cap, AFAIK RaiBlocks is the only feeless one which acutally works. Regardless, it's worth watching these coins to see how the economics work out.