Are zero transaction costs possible?

[anil_saini01]

I personally do not think that zero transaction costs are possible because you need to provide incentive to keep the network up & running.

[1715061432]

1715061432

[1715061432]

1715061432

[buttonmc]

What do you think, is it possible to have zero transaction costs for bitcoin/altcoin. At the moment there are many fees and are they justified and impossible to get around or is it possible to reduce or even remove them in the future?

I don't think that we will ever face the fees so close to 0 or actually 0, because all the exchanges and transaction platforms need to earn from something to exist. Basically it is their earnings.

[yorannic]

Now projects with zero cost per transaction are being created, this is in demand in business, basically it is privat blockchain.

[TobMarshall]

Zero transaction cost in crypto coins seems impossible to me, but there are transactions with very low cost, that is low amount of fee. Without cost, you might not even which helps the crypto community to continue. Zero transaction cost is almost not possible.

[realdantreccia]

BitCOIN, yes. 0 fees.

Bitcoin Core Software?  Good luck.

[anil_saini01]

I personally do not think that zero transaction costs are possible because you need to provide incentive to keep the network up & running.
So its practically impossible.

[South Park]

What do you think, is it possible to have zero transaction costs for bitcoin/altcoin. At the moment there are many fees and are they justified and impossible to get around or is it possible to reduce or even remove them in the future?

There was a time where this was possible for bitcoin but now you should forget about it, the model of bitcoin is to replace the block reward needed to maintain the miners with the fees of the users of bitcoin, so it is not possible the miners are not doing this for charity, they are mining because it is a lucrative business and if you want to use the bitcoin network then you need to pay.

[jovs]

What do you think, is it possible to have zero transaction costs for bitcoin/altcoin. At the moment there are many fees and are they justified and impossible to get around or is it possible to reduce or even remove them in the future?

Not really , because fees is a part of the developmental asset of the transaction where it exist for a reason. But if you want to find a low cost transaction you will need to find a local wallet where there is a minimum amount or cost of transaction depending on the rate of time of transaction to be successful you will just need to find it and also support it.