Next-Gen Blockchains are Fee-less

[TheClownSong]

Outdated blockchains that currently charge fee’s per transactions are to be left in the dust as new concepts that allow for fee-less transactions come to light. Get ready to indulge information that is sure to enlighten you.

https://medium.com/@scroda/next-gen-blockchains-are-fee-less-8eebf7f67947


It is to note that some blockchains have attempted to provide fee-less transactions but in reality just hiding the fee’s elsewhere, either by making you pay for it at home or making others pay it for you, in which both aren’t a healthy practice.

You seem like never watched DAG system and that has already applied to the DAG system dude. That article is useless because it's only people's opinion and he can't even create it. Someone has already made it and it's life right now. instant transaction and zero fees. It's a little bit different than blockchain.

Again as many have noted IOTA(DAG) has hidden fee's. IE the eletric bill that shows up at a users house.

Again please do your research.... 

I am agree. Transaction fee must be needed for the project or miner. But new technology must be can provide lower transaction fee. I dont believe free transaction fee, looks almost impossible. I have a DAG coin but not IOTA and every transaction charged fee but its more lower.

[UnruffledST]

Outdated blockchains that currently charge fee’s per transactions are to be left in the dust as new concepts that allow for fee-less transactions come to light. Get ready to indulge information that is sure to enlighten you.

https://medium.com/@scroda/next-gen-blockchains-are-fee-less-8eebf7f67947


It is to note that some blockchains have attempted to provide fee-less transactions but in reality just hiding the fee’s elsewhere, either by making you pay for it at home or making others pay it for you, in which both aren’t a healthy practice.

Some examples would have been better. Regarding fee less, I am yet to come across entirely fee less Blockchain, some have negligible transaction fees (but still fees!) and some require amount of coins to be locked.

The fee-less ecosystem that Scroda has servers a purpose, this is to allow for self-routing to take place in abundance without limiting users to just routing 3-6 times as Monero does as it ends up being costly imagine having to pay thousands of dollars just to maintain privacy over time it isn't worth it nor is it fair to have to pay for privacy.

Take a look at how Scroda's Fee-less ecosystem allows for private transactions.

https://bitcointalk.org/index.php?topic=5107475.0

Outdated blockchains that currently charge fee’s per transactions are to be left in the dust as new concepts that allow for fee-less transactions come to light. Get ready to indulge information that is sure to enlighten you.

https://medium.com/@scroda/next-gen-blockchains-are-fee-less-8eebf7f67947


It is to note that some blockchains have attempted to provide fee-less transactions but in reality just hiding the fee’s elsewhere, either by making you pay for it at home or making others pay it for you, in which both aren’t a healthy practice.

You seem like never watched DAG system and that has already applied to the DAG system dude. That article is useless because it's only people's opinion and he can't even create it. Someone has already made it and it's life right now. instant transaction and zero fees. It's a little bit different than blockchain.

Again as many have noted IOTA(DAG) has hidden fee's. IE the eletric bill that shows up at a users house.

Again please do your research.... 

I am agree. Transaction fee must be needed for the project or miner. But new technology must be can provide lower transaction fee. I dont believe free transaction fee, looks almost impossible. I have a DAG coin but not IOTA and every transaction charged fee but its more lower.

Again block rewards serve as plenty of motivation, most blockchains that implement fee's take a founders cut out of it for no practical reason.

$6,300,000 is a decent daily block reward amount so why would users need more than that if they are not using a energy consuming blockchain?

None, fee's actually help blockchains become more centralized as all these fee's go to the same people and they are the ones who end up holding the majority of coins in a network just from collecting an absurd amount of fee's which isn't healthy for a blockchain ecosystem at all. Shocked Shocked Shocked


People please read before posting    

[Little Mouse]

How will you stable the network if there is no fee? Who is going to validate the transaction? How much decentralized will be the blockchain? Can you please write more about it? I am confused.

[UnruffledST]

How will you stable the network if there is no fee? Who is going to validate the transaction? How much decentralized will be the blockchain? Can you please write more about it? I am confused.

Read the blog shows how spam is prevented, there are still node validators just as any other blockchain instead that we do not use PoW I would also suggest on touching up more on the different type of consensus mechanism as their is more than just one(a helpful tip that can increase your knowledge base) it doesn't take away from decentralization at all, it's just as decentralized as any other project.

Also I would suggest taking a look at the whitepaper at https://scroda.io

I suggest to always read the whitepaper if you want to gather more information as it is the best source of knowledge for any project, it's a good habit to get into as you tend to learn a lot about the technical aspects of up and coming projects.

[bitcoinmar]

Blockchain is unchecked and it needs money to maintain. Like facebook, users do not have to pay a fee to use but they have to watch the ads from there to generate revenue for Facebook.

[UnruffledST]

Blockchain is unchecked and it needs money to maintain. Like facebook, users do not have to pay a fee to use but they have to watch the ads from there to generate revenue for Facebook.

Ok now this is getting ridiculous, how many times do I have to tell users to read before posting? there is no ad watching or need to generate revenue it is surprising and shameful at the same how many users do not know nothing about blockchain nor its technology and still have the audacity to act like they are blockchain experts.

Please research more and gain more knowledge about the blockchain before posting and raising doubts... again block rewards are more than enough to cover the rewards needed for people upholding the network.

[adamlillian]

Outdated blockchains that currently charge fee’s per transactions are to be left in the dust as new concepts that allow for fee-less transactions come to light. Get ready to indulge information that is sure to enlighten you.

https://medium.com/@scroda/next-gen-blockchains-are-fee-less-8eebf7f67947


It is to note that some blockchains have attempted to provide fee-less transactions but in reality just hiding the fee’s elsewhere, either by making you pay for it at home or making others pay it for you, in which both aren’t a healthy practice.

I don't think charging is a big problem of blockchain technology. The problem here is to record transaction history and improve wallet user information.
The amount of transaction fees is too low compared to the service that blockchain technology gives us. But for it to grow bigger, it needs some positive changes.

[UnruffledST]

Outdated blockchains that currently charge fee’s per transactions are to be left in the dust as new concepts that allow for fee-less transactions come to light. Get ready to indulge information that is sure to enlighten you.

https://medium.com/@scroda/next-gen-blockchains-are-fee-less-8eebf7f67947


It is to note that some blockchains have attempted to provide fee-less transactions but in reality just hiding the fee’s elsewhere, either by making you pay for it at home or making others pay it for you, in which both aren’t a healthy practice.

I don't think charging is a big problem of blockchain technology. The problem here is to record transaction history and improve wallet user information.
The amount of transaction fees is too low compared to the service that blockchain technology gives us. But for it to grow bigger, it needs some positive changes.

Yes some positive changes are needed  and fee's become a problem when trying to obtain privacy the more privacy one tries to obtain the more they pay and this isn't fair... imagine having to pay thousands in fees just to obtain privacy.

[UnruffledST]

-Bump-

These days obtaining privacy is costly with tumblers charging anywhere from 1-5% of the funds being tumbled, yes that is a really big cut. Monero also charges for privacy in where users pay more for every other person included in the mixin of their funds. Tumblers and privacy coins leave you with a pretty big bill, while still failling to offer your 100% privacy.

Is it worth paying for privacy while your transactions can still be linked back to each other? No. Should you be paying for privacy in the first place when privacy is a given right in the USA under the fourth amendment? No.

Scroda aims to offer its users 100% privacy completly free, eliminating the need of having to pay thousands and thousands of dollars on privacy alone.

Read more below.

https://medium.com/@scroda/how-scrodas-fee-less-ecosystem-allows-for-true-privacy-5ec931725a26

[chocopapaya]

Nano is my favorite out of all of them.
It is instant, has no fees, and scales.
Seriously, once you try it you will wonder why you even bothered with gas prices or confirmation times at all.

But, also, I realize that the "next-gen" blockchains have a long ways to go.
Yes, there are superior techonologies to bitcoin, but nothing comes even remotely close to its network and market penetration.
At the core of everything crypto is trustless p2p transactions.
Really, despite all the mania and prices on coinmarketcap, it comes down to people agreeing that btc is worth $3600.
It doesn't have any inherent value at all.

So even if the most amazing blockchain tech comes around, it will be useless and have no value unless it has a network to support it.
And as of now, everything is still very much speculative not to mention risky.

[UnruffledST]

Nano is my favorite out of all of them.
It is instant, has no fees, and scales.
Seriously, once you try it you will wonder why you even bothered with gas prices or confirmation times at all.

But, also, I realize that the "next-gen" blockchains have a long ways to go.
Yes, there are superior techonologies to bitcoin, but nothing comes even remotely close to its network and market penetration.
At the core of everything crypto is trustless p2p transactions.
Really, despite all the mania and prices on coinmarketcap, it comes down to people agreeing that btc is worth $3600.
It doesn't have any inherent value at all.

So even if the most amazing blockchain tech comes around, it will be useless and have no value unless it has a network to support it.
And as of now, everything is still very much speculative not to mention risky.

Yea Bitcoin has no value to me neither. Wouldn't pay more than $300 but even then that's on the high side of valuation for me.

But you have to also keep in mind that Nano has hidden fees which is based on the computational cost in electricity.

It will also probably be easier for Scroda to gather a larger audience as it is also a platform with many uses not just a simple cryptocurrency in which is used for payments.

[coaprotet]

This would be awesome and I think we are slowly moving that way. A lot of projects are releasing blockchain updates and the main feature is the fees reductions, because they have finally understand the main problem.

[UnruffledST]

This would be awesome and I think we are slowly moving that way. A lot of projects are releasing blockchain updates and the main feature is the fees reductions, because they have finally understand the main problem.

Thank you for supporting the idea of the project  , and yes alot of projects are aiming towards fee reductions, we have to improve and just keep on improving in order for the crypto community to regain the respect it deserves.

It's just something that we as humans do also, we have to always aim at evolving and becoming better.

[publicjud]

Blockchains without fees are not that good as many people could think. Everyone and everything should be incentivized and protected by different restrictions. Fees are a very good concept to protect the system from spam transactions and wasting of resources.

[UnruffledST]

Blockchains without fees are not that good as many people could think. Everyone and everything should be incentivized and protected by different restrictions. Fees are a very good concept to protect the system from spam transactions and wasting of resources.

Again this has already been discussed in the blog there are restriction in place to protect the system from spam transactions.

New comers please read before posting it doesn't look good to post on something that has already been discussed and answered.

[UnruffledST]

-Bump-

Open to thoughts and productive discussions, please read before posting.

[bezzler]

Outdated blockchains that currently charge fee’s per transactions are to be left in the dust as new concepts that allow for fee-less transactions come to light. Get ready to indulge information that is sure to enlighten you.

https://medium.com/@scroda/next-gen-blockchains-are-fee-less-8eebf7f67947


It is to note that some blockchains have attempted to provide fee-less transactions but in reality just hiding the fee’s elsewhere, either by making you pay for it at home or making others pay it for you, in which both aren’t a healthy practice.


Update:

These days obtaining privacy is costly with tumblers charging anywhere from 1-5% of the funds being tumbled, yes that is a really big cut. Monero also charges for privacy in where users pay more for every other person included in the mixin of their funds. Tumblers and privacy coins leave you with a pretty big bill, while still failling to offer your 100% privacy.

Is it worth paying for privacy while your transactions can still be linked back to each other? No. Should you be paying for privacy in the first place when privacy is a given right in the USA under the fourth amendment? No.

Scroda aims to offer its users 100% privacy completly free, eliminating the need of having to pay thousands and thousands of dollars on privacy alone.

Read more below.

https://medium.com/@scroda/how-scrodas-fee-less-ecosystem-allows-for-true-privacy-5ec931725a26

Crypto transaction with no fee? will that really possible?
Then who will pay for the network fee or the fee that should be provided for miners? what i know that what make things moving in crypto currency is one of them are those miners, they makes the transaction possible to be done.

[libert19]

Outdated blockchains that currently charge fee’s per transactions are to be left in the dust as new concepts that allow for fee-less transactions come to light. Get ready to indulge information that is sure to enlighten you.

https://medium.com/@scroda/next-gen-blockchains-are-fee-less-8eebf7f67947


It is to note that some blockchains have attempted to provide fee-less transactions but in reality just hiding the fee’s elsewhere, either by making you pay for it at home or making others pay it for you, in which both aren’t a healthy practice.


Update:

These days obtaining privacy is costly with tumblers charging anywhere from 1-5% of the funds being tumbled, yes that is a really big cut. Monero also charges for privacy in where users pay more for every other person included in the mixin of their funds. Tumblers and privacy coins leave you with a pretty big bill, while still failling to offer your 100% privacy.

Is it worth paying for privacy while your transactions can still be linked back to each other? No. Should you be paying for privacy in the first place when privacy is a given right in the USA under the fourth amendment? No.

Scroda aims to offer its users 100% privacy completly free, eliminating the need of having to pay thousands and thousands of dollars on privacy alone.

Read more below.

https://medium.com/@scroda/how-scrodas-fee-less-ecosystem-allows-for-true-privacy-5ec931725a26

Crypto transaction with no fee? will that really possible?
Then who will pay for the network fee or the fee that should be provided for miners? what i know that what make things moving in crypto currency is one of them are those miners, they makes the transaction possible to be done.

Most fee-less blockchains are POS/DPOS where holder's stake determines it's influence. There are witnesses who solve the blocks and get rewarded for doing so, your influence on particular platform determines those witnesses rank.

EOS/Tron/Steen these are some examples.

[UnruffledST]

Outdated blockchains that currently charge fee’s per transactions are to be left in the dust as new concepts that allow for fee-less transactions come to light. Get ready to indulge information that is sure to enlighten you.

https://medium.com/@scroda/next-gen-blockchains-are-fee-less-8eebf7f67947


It is to note that some blockchains have attempted to provide fee-less transactions but in reality just hiding the fee’s elsewhere, either by making you pay for it at home or making others pay it for you, in which both aren’t a healthy practice.


Update:

These days obtaining privacy is costly with tumblers charging anywhere from 1-5% of the funds being tumbled, yes that is a really big cut. Monero also charges for privacy in where users pay more for every other person included in the mixin of their funds. Tumblers and privacy coins leave you with a pretty big bill, while still failling to offer your 100% privacy.

Is it worth paying for privacy while your transactions can still be linked back to each other? No. Should you be paying for privacy in the first place when privacy is a given right in the USA under the fourth amendment? No.

Scroda aims to offer its users 100% privacy completly free, eliminating the need of having to pay thousands and thousands of dollars on privacy alone.

Read more below.

https://medium.com/@scroda/how-scrodas-fee-less-ecosystem-allows-for-true-privacy-5ec931725a26

Crypto transaction with no fee? will that really possible?
Then who will pay for the network fee or the fee that should be provided for miners? what i know that what make things moving in crypto currency is one of them are those miners, they makes the transaction possible to be done.

Most fee-less blockchains are POS/DPOS where holder's stake determines it's influence. There are witnesses who solve the blocks and get rewarded for doing so, your influence on particular platform determines those witnesses rank.

EOS/Tron/Steen these are some examples.

Glad to have some intellectual humans on board in the thread 

Yes and the majority is also Permissioned Blockchains which are able to be fee-less just through being able to identify the malicious actors on the network as all validators must first be verified.

The problem is mostly introduced on permissionless blockchains as it is hard to identify such actors so a fee is introduced.

Still even with PoW/DPoW it is hard to have a fee-less environment just so because then the people with the most amount of funds staked could easily manipulate the network which is why Scroda is using Tier Levels to prevent such things from happening.