Topic: Transaction commission JDE (Read 48 times)

Hello, I would like to share my thoughts about transaction fees. Usually, users consider just the price of specific coin and completely forget about the fact that you need to pay for ability to perform transaction. It may not be that important for users who are using so called "buy and forget" tactic, but after all cryptocurrency is becoming more recognized around globe. That mean it is important to find coins with not only stable price level, but with lowest transaction fees.   

While finding new coins, JDE drew my attention. To be more specific, JDE meets both conditions. As it is stablecoin based on euro price should be more predictable and less dependent on other coins, it fulfils first of condition. Secondly, JDE provides transitions without transaction fee making it to the top of stablecoins. As for user it means that you do not need to spend coins just to perform your payment, it also minimizes the risk of not executing your transaction because of not having enough currency for it. Not only Bitcoin but even Etherium becomes a blockchain for rich – the cost for one transaction is average around 54 USD, but during high peak hours, when majority of users are trading, prices can go above 100 USD. A lot of users come to one conclusion - transaction costs are still a pain point for the network of ETH and coins on its base. But the fun thing was how one user commented on this rapid increase of ETH transaction fee: “Not again…”. To describe this situation better, ETH has experienced 680% increase of gas fee starting from October. Knowing the amount of fee, I can tell that it would be unacceptable to charge for small payments and services especially when your initial payment amount is less than a gas fee. In contrast JDE does not charge receiver nor sender for any of transaction, allowing users to make any payments without risking losing fortune on fees. This difference plays a huge role in the plans of those who are willing to use cryptocurrency more frequently.
In general, transaction using JDE offers user affordable way of using cryptocurrency in everyday life. As there is a general proclivity in usage of cryptocurrencies more businesses and services start to accept crypto coins. It is a great alternative to fiat currencies since cryptocurrencies will allow users to perform payments not only directly by eliminating the intermediary and sending money directly from user to user, but also affordably as an example sending money abroad. While Banks charge with around 5% for foreign transfers, as well as additional 30$ in some cases, JDE provides transactions for user with less than a cent fee. It surely makes a huge difference while sending money or doing daily purchases.