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Are there any coins with a reasonable transaction cost? It seems shocking to me the USD-normalized cost per transaction given that the actual cost should be nea
by prepend 5y ago
Are there any coins with a reasonable transaction cost? It seems shocking to me the USD-normalized cost per transaction given that the actual cost should be near zero.
Visa/MC has a cost of like $.25+some percent so I suppose represents the cost of having a trusted oracle with fraud, review, etc.
This seems like it should be the standard to beat for whether a currency can actually be used for anything normal and necessary to get wide uptake.
- licnep 5y agoLook at the website OP linked. The first one, Bitcoin SV, has a median transaction fee of just $0.0001 In fact it's being used in several projects where people send each other micropayments of just a couple cents, like twetch.app
- prepend 5y agoIt’s good that it’s used in some places and hopefully will grow in acceptance for stuff like basic purchases.