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Yes you are missing something, a contract also pays rent and this rent is paid in SOL. That is one of the reasons for cheap transactions, part of the cost goes
by meiraleal 5y ago
Yes you are missing something, a contract also pays rent and this rent is paid in SOL. That is one of the reasons for cheap transactions, part of the cost goes to the contract owners.
- realpauleverton 5y agoThat's just another way of saying more expensive transactions. Rent must be cheap or it's not economical. Total fees, inclusive of rent, are low. That's the Solana pitch.
- meiraleal 5y agoYes, Solana transactions are not as cheap as people talk about (someone is paying more to deploy a contract there than to ethereum/bsc/polygon). But still is a interesting tokenomics that pushes SOL prices up benefiting the long term holders.