Why do some cryptocurrencies charge users high transaction fees to use the blockchain while other cryptocurrencies are "gas-free cryptocurrencies" that don't charge fees for each transaction? Are some cryptocurrencies greedier than others, or could there be a legitimate reason for transaction fees? Join me in today's video as we discuss why transaction fees are necessary and compare and contrast the ways that transaction fees are implemented differently across blockchains.
The Part Time Economist
No Free Lunch - Comparing Crypto Transaction Fee Models
The Part Time Economist
Hi everyone. I'm just a simple man trying to make my way in the universe. I am passionate about cryptocurrency and hope that I can make at least some small contribution towards promoting wider crypto adoption and understanding.
The Part Time Economist
Hi everyone. This is just a place for me to post some of my thoughts and analysis. I hope that someone finds them useful.
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