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Topic: Free transactions: What's the catch? - page 2. (Read 251 times)

legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
April 09, 2021, 03:09:37 PM
#1
I've seen some cryptocurrencies which don't charge a fee per transaction. This economic model makes "De-Fi" fairer and equitable as anyone can participate freely without the need to worry about ever-rising transaction costs. Coins like EOS, NANO, IOTA, and even TRON provide free transactions for the benefit of all.

But as I've learned with anything, there's always a catch. As it's said in the real world, there's no such thing as "free lunch". How are miners/validators incentivized in the long run? Will they be satisfied to earn only from the block reward without the added bonus of earning from TX fees (like it's the case with Bitcoin)? Or will this economic model fail in the long run? I fail to see how this could work since TX fees are meant to incentivize miners and prevent spam on the Blockchain. Am I missing something here? Some clear guidance would be greatly appreciated. Thank you. Smiley
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