Bitcoin Forum

feeless is needed if we want to see mass adoptions in blockchain technology. right ?
because if the fee is very high its impossible for all sectors to adopt this technology
here some nice article to read
https://cointelegraph.com/news/going-feeless-is-the-only-way-to-enable-blockchain-adoption

what do you think guys ?

Nowadys, high transection fees are more concerning for every one of those who are using any DLT (Distributed Ledger Technology) or defi or other protocols with a low amount of crypto. So, it needs a major solution and every blockchain is facing this problems because of high amount of usage which also indicates that adoption on basic level is on the way or done. But it might need a feeless solution to get adoption in large scale from worldwide.

The high fees was only happening with some blockchains that's not enough scalable to handle a lot of transaction in once time.
That will be different when we are talking about scalable blockchain like tron or something else and the users will need to pay a few cents for any transactions. Crypto needs to be scalable more than VISA to be adopted massively by a lot of people.

This is clearly showing we are still early, isn't it?
Look how DeFi is changing the world, and major problem of it is the high transaction fees (mostly under Ethereum network)
That's why a lot of new project that starting to solve this (e.g. Solana)
Blockchain is still early nowadays, still lot of room for development. Feeless is very possible in the near future.

there is a feeless platform like the EOS. a user would just need a tiny fraction of EOS to stake for CPU and RAM and then he'd have a feeless transaction already. i didn't see any complains in the defibox community they probably enjoy the feeless. With ETH however its the worse that could happen when you just want to liquidate $100 with of tokens in Uniswap but the fee is half the amount.

ETH was an old chain and EOS was learning from ethereum to fix the scalability problem. If there's no ethereum in the past and im not sure those new platforms include EOS will be learning to fix the scalability problem or create the block with high TPS.
The majority of the gambling platforms were moving to the tron and EOS caused by the fees.
This time the fees to swap on uniswa is more than $60. Approval + process

Yes could be one of many obstacles, feeless.
It's just stupid to pay $50 or $100 fees right now to have $2 coffee on scam platform like ethereum.
I see no reason to use ethereum beside creating a scam which could make millions back in instant.

The feeless platform is not again relevant for now. A bunch of new platforms has developed a fully scalable chain. As long as it has a very big TPS and that can make the fees will be stagnant and that will be suitable to be used for mass adoption.
The old blockchain is not again reliable to be used for daily transactions. It's being flooded with so many whales and greedy miners.
I may think we will have a blockchain that has better scalability than VISA.

Virtually the system can not be without a fee, although recently the high transaction fees frustrated me, but I would be greedy if I want to perform Any transaction without fees and with what my bank takes from me for maintenance, I find the transaction fees a bearable problem. There are many things the world adopted and they have fees, from subscription fees to tariff fees And more.

Blockchain adoption isn't just about crypto, if we all want to see a massive blockchain adoption, then maybe a lot of have missed the adoption rate of it in many industries.
But I agree about it being feeless or at least have a minimum but it's about the miners that are doing it and the traffic of the network. It is a situational problem that needs only to be upgraded.

Transaction fees are not free anyone in the world; either fiats, forex or crypto currency. The beauty of the blockchain is that it offers alternatives every now and then. If bitcoin, etherum blockchain is clogged and transactions are slow; you have to litecoin, tron or wave blockchain to rely upon. There are also payment platforms too.  Adoption is on the rise; do not be swayed.

Scalability issue on the ethereum network increase the fee more than it is expected to be but its still for that network alone and all other networks are fine right? Even if there are difficulties still it can be resolved in the future and that is what adoption needs as well because crypto technology is literally a new born baby compared to the existing fiat.

I totally disagree here, fees is there for a purpose, jus imagine what would happen to Ethereum network if people are not paying any fees to run Dapps or transaction on it, it would be stand still because competing network may decided to start spamming the network for them to have a go at it but if you want to do that today you must be willing to part with millions of USD. I don't buy into this feeless thing, what we need is network with faster speed with better security, if the transaction speed is fast, the transaction price would come down

I think fee less is radical move and isnt necessary for the blockchain adoption, people are mostly compliant to pay the fee if its rational.
Also if the transaction became fee less, i think the network will be very busy and make many queued transactions in the blockchain.

this is only the beginning mate, i believe soon or later a solutions will come for the high transactions fees
and for sure the blockhain adoptions is on its way now

Several years in the making, there are still lots of room for development. Right now, fees are really the main concern. In most cases, we ended up paying more with the fees. To somehow solved this, we are looking for alternatives on other coins.

I don't mind paying more fees as long as the result will always be better but of course, shouldn't be that much. Surely, fees concerned are being addressed right now so let's just trust the process as we have nothing to do in the first place (e.g Ethereum network).

Feeless is not the only way to trigger the blockchain massive adoption. We have a lot of scalable platforms now and there's no need to create a feeless blockchain.
You must know that there are lots of scalable chain like TRON, XLM, EOS and many more.
You must see that even when the fees on ethereum platform are totally non sense but people keep using it to trade on uniswap. I don't agree with that article.

Today there are many projects, which are aimed for mass adoption, so they try to solve all these problems, especially about fee. I mean Solana, Avalanche, Elrond and others. Unfortunately, I don`t think mass adoption will come in the near 5 years. We will need to wait some time and try many solutions to find the right one. I hope blockchain adoption will come one day, because this technology can make our life much more better. Nonetheless we shouldn`t wait it in the near time (

Over the years we are now gradually seeing the faults with POW and this is why the new top tokens right now are catching up to raise above such as polkadot and cardano which are POS. There is no assurance however of how cheap the transactions could be when they finally are adopted to several projects. Polkadot seem to have matured because of the hundred projects using the polkadot chain.

It could just be between the two where we could have cheap transaction fee if not feeless.

Nice share. I think feeless is especially important for things with extremely high transaction volume. So say a chain that sells NFTs of artwork.. maybe higher fees make sense as sort of brokerage cut. But for use cases like IoT or value transfer (transactions) then the fees, I think - definitely need to be next to nothing.

For mass adoption, low fees are needed, because we all cannot possibly pay high fees just to buy something cheap

One day there will definitely be a blockchain platform that can accommodate all activities, without being busy.

Hmmm... pretty interesting. Feeless platform is good but the main concern should the usability that can attract a lot of people to join in crypto. Fee is always needed as the operational for the platform.
Feeless can attract people to use blockchain but remember it will not be so long. People should join due to the usefulness of crypto.
This would be a very interesting thing to see that. Even without the feeless chain and crypto already attracted the massive adoption from advertisement by various media

yes, long time ago people think if use blockchain network the fees will be lower
but now as we can see the fees become so high, and maybe the best advantages from this technology is only transparency
if the fees still high

The adoption  of blockchain  is already in motion. Looking  at the increasing  digitization  and the recent announcement by Tesla, many individuals  are beginning  to appreciate  the power  of blockchain  through  cryptocurrencies. It's  a well known  fact that many central  governments  oppose the use of crypto. The recent  high gas fees especially  on the ethereum blockchain  has also become  an issue. In any case, no one would like pay high charges  on transactions involving  small  amounts.

looking for loopholes when there is a pandemic like this..
all countries are trying to rise to an economic downturn to change everything, therefore the digital market or blockchain is trying to make changes that are easy for everyone to understand, especially those in the circulation of digital money..

For effective  adoption  of cryptocurrencies  for various  payments,  there must be a system  where there is flexibility  to choose from a wide range of coins. For instance  look at the system  of operation of coinpayment and bitpay. These two entities provides  a platform where a variety  of coins like XRP, BNB, DASH etc can be used for payments  with less  transaction  fees.

online industries need low fee rather than high fee on every transactions
for example if we want to buy something and the price was cheap such us $20 or less, but to send the money to the seller we need more than $20 as the fees, i think thats some kind of ridicilous things right ? thats why i agree with you if feeless is needed mate

It doesn't look as if blockchain was helping a lot of countries. There are lots of countries are still abandoning blockchain and the country like nigeri was even banning it right now.
The blockchain will the benefit for the country that already declared to adopt it. So many citizens from that countries were able to join in the crypto market.
That gives more benefit for them all

No, it's not. We can have this adoption if we wanted too while neglecting the fees.

Mining industry just survive because of our fees. If we wanted to have a feeless market, how these mining companies will live?
I have to disagree this and it really never works. We don't need to have this feeless blockchain system, what we need is to have a favorable fees, $0.5, $1, that I think it was acceptable.

The exclusion of transaction fee may have help DeFi in some area but its completely not what bring DeFi to the spotlight. The last time I checked the services rendered by the centralized institutions/business attract a certain fee and the fee doesn't hinder its adoption then why will the transaction fee hinder cryptocurrency adoption? I think the TPS is the only primary issue that needs to be addressed as mass adoption of cryptocurrency is a concern.

There is no doubt that blockchain technology will be at its heyday, because mass adoption will occur. We have seen that mass adoption occurs little by little, many companies enter into bitcoin and blockchain, Tesla, Twitter, and Microsoft and even Google has also entered this technology, of course the price of cryptocurrency will also be better than last year.

fees are not the priroty people look when considering to adopt blockchains in their businesses but its the complexity of it but if they learn  it and educate their clients amd costumers about blockchain they all can enjoy the benefits of this technology  .

fees are high for major blockchains like in btc but there are coins that have less and no fees . if they want they can use this but it will be wise if they will choose btc and btc blockchain because it was stable and more popular .

Blockchain adoption must also be prevented until this happens, it needs a solution in the future, now if high gas costs are not a serious obstacle for us, our priority is now the continuing movement in crypto with the issue of allowing only a few blockchains high gas costs and not all have the same rules

indeed, we need feeless for our transactions with blockchain tech,
and if this happend for sure blockchain adoptions will come shortly

The adoption is increasing because of institutional traders and that has made bitcoin dominance to also shoot up but talking regarding fee less transaction as op has started, I don't see it happening that miners won't get any  kind of fee from transactions. I also have seen a high rate of transaction fee and also delayed processing maybe because of bitcoin volatility.

Quoting this part of the article I understand that with feeless they mean no fees, right?
If so, that is a an utopic thought, because there is no way a decentralized network like blockchain will work without fees, as we know the miners who run it want to be rewarded for their work and expenses running their equipments. On the other hand, fees really need to drop and a lot, otherwise many market niches will be unable to use blockchain as payment network for their businesses, especially the micro transaction ones.

Yes, high fees are a very big problem for Ethereum currently. It need to be solved and devs need to finish Ethereum 2.0 very soon or adoption will be unsuccessful. People can't pay huge fees for small transactions, it has huge expenses for us.
We need low fees for crypto to be used if you buy also for low amounts like a Kebab.

Feeless is not everything in crypto and why don't you try to use IOTA or NANO to get the zero fees transaction? Scalability is important enough but utility is much more important than it. As long as the TPS can handule up to or more than 1k - 10k TPS and that will be enough to be used for the massive adoption but when your blockchain is scalable enough but it doesn't have utility usage and no one will try to buy or use your platform.
People wanna adopt it when it can give a lot of benefits for them all. That should be the best answer.

Now we can say we are stuck in this situation and live with it. the microtransactions today will not be micro when after a year the price of the token will rocket. The fees for Cardano could be a tiny fraction of a dollar for now but it will cost a lot if its price goes up. There is a platform that is seemingly forgotten but offers free transactions like EOS. 

The blockchain technology market is just at the beginning of its journey. Companies are gradually adopting blockchain to optimize production. Blockchain would be convenient for all governments and corporations to gain the trust of the population and customers. For example, transparent conduct of transactions, public publication of results, payment for transactions without delays.

The government will be able to use the blockchain to register applications from citizens or to authenticate their applications. This is a completely different level of development for countries and large international companies.  8)

yes, this is only the beginning
you wrote about payment for transactions without delays, and depend on the current situations especially on ethereum blockchain we must add more gwei to pay the fees, and if we put a lower gwei for sure the delay on our transactions will be happend
thats why i said if we want to see mass adoptions in this tech, we need feeless on our transactions right ?

It is really when this situation will be kept. Fees are not favorable to our ends and those small scales investors will likely not choose crypto, they choose the stock market. If this won't have a solution and the if this is a contiguous problem, I'm not surprised that many people will step back and leave crypto.

This is a big challenge now and I hope Vitalik will take action ASAP. We can't move ERC20 now, you pay $5-10, which is a big amount for those who keen in terms of profit gain. Because if that only $1-2, and even you just transfer a token worth $30, that is acceptable. Bounty hunters are crying for now, and I feel them.

Precisely! developers are now looking for other alternatives BSC is gaining attention as ERC is really killing every traders and investors.

It needs for better adjustment if ETH team doesn't want to lose more clients they need to work things out, if possible not just to adjust but to
have a feeless transaction that's really amazing.

For now, it's really a big hope for every single holders to transact and keep moving with their erc tokens.

Yeah it is all about scalability in the end just what we have seen with bitcoin and ethereum both are facing the issue but the good thing is that work is being done in this regard. I dont think feeless transactions are possible but cheap and fast transactions is definitely required for adoption.

It's possible dude and there some platforms that already created feeless blockchain to give the advantage for the users to send zero fees transaction
Fast tx is really needed to develop the blockchain game, dapps and various things. Any activities on the blockchain will always be related to the peer to peer transaction.
That will bring more adoption.