3 ms·
Take a look at Algorand if you want low transaction fees.
by ilaksh 5y ago
Take a look at Algorand if you want low transaction fees.
- rvz 5y agoThere you go. I think this is like the 10000th time we have seen the point that Ethereum is let down by the high transaction costs and it being unsuitable for micro-transactions. Everyone knows that, and alternatives like Algorand exist for that purpose.
- YmiYugy 5y agoYou are missing the point. This isn't just about monetary transaction fees, but the psychological cost of making a purchasing decision.
- TrevorAustin 5y agoThe piece isn’t about high gas costs. The conclusion: > Those are just a few ideas from someone who’s new to the field, and people are working on all of them already. But my basic point here is not to forget transaction costs. Lots of transaction costs aren’t paid in dollars — they’re paid in seconds of effort, in the mental cost of attention-switching, and in the hassle and stress of keeping things in mind. Web3 should focus on stuff that allows people to pay fewer of those costs, rather than stuff that forces them to pay more.