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Author Topic: Which Cryptocoin will NOT have issue with transactions in the future?  (Read 184 times)
tabas
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August 05, 2021, 09:36:25 PM
 #21

You don't seem very familiar with Bitcoin to say Bitcoin is shaky due to high transaction fees. If you use the official Bitcoin wallet, namely Bitcoin Core, Bitcoin transaction fees are zero. Perhaps the cheapest transaction fees today are Tron, or some other. On each exchange the transaction fee for Tron is 1. If the price of Tron reaches $ 10, the transaction fee is $ 10. I think all transaction fees of each coin are cheap, but it depends on the price of the coin itself.
I think we are more worried about tokens than all blockchains today. Because all of these tokens the transaction fee is the master coin. Suppose an ERC20 USDT token, the transaction fee is Ethereum. If the Ethereum network fees are high, then all tokens on the Ethereum blockchain will be high transaction fees.
Right now the fees for bitcoin isn't also costly just as those altcoins that you've mentioned with cheap fees. I consider the fee for bitcoin to be cheap these days.
People have always been arguing how high the tx fees are for bitcoin but probably they've missed trying any transaction on it lately.

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Bezelowy
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August 05, 2021, 09:40:09 PM
 #22

Nano, the one and only

tabas
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August 05, 2021, 10:20:51 PM
 #23

Nano, the one and only
It's not the one and only but I do understand why you've said Nano. But at least get the idea out from yourself so that others will be able to think if what you're saying is good enough for them to understand Nano.
Why not take a dive into the Polygon (MATIC) too as it is built for connecting Ethereum blockchain network. Do well to make a little research about the Kardiachain network (KAI). This two should pass the test in solving both congestion and high fees in the near future.
Kardiachain is gaining popularity and I think there's really a point that this project is going to be known a little more soon.

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lumierre
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August 06, 2021, 03:40:04 PM
 #24

Topic, which cryptocoin will NOT have issues with transaction fee's or the waiting time that all the big ones have issues with?

Bitcoin is going to falter due to the high transaction fees and big load on the network and if there is a outage in China then all the world needs to wait for them to get back up...
Is there any cryptocoin that have good quality and not high transaction fees and not the same structure that will become a problem with transaction times?


Thanks in advance

The answer is obvious. Blockchains with a high scalability have low transaction fees and are very fast.
Different solutions of the second layer, sidechains stand out for their speed and cheapness. For example, Polygon, Binance Smart Chain, Tron are very cheap and fast compared to ethereum. 
But you know that getting scalability we lose either security or decentralization.

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