1 min read

Why aren't other blockchains fee-less?

When you use Ethereum, you have to pay "gas fees" -- which makes it sound like you're actually paying for something. If that were the case, 100% of gas fees would go directly to the people running the Ethereum network. In reality, Ethereum has burned over four billion dollars worth of gas payments since August 2021.

Blockchain fees are actually there to solve something called "the halting problem" (basically, there's no way to tell whether the code people are running on the network will halt or finish). So, fees are there to limit how long smart contracts run (if you had unlimited money, you could theoretically pay all of it as gas fees for a very difficult transaction).

The Koinos mana system charges you time instead of money for transactions.

More on mana on Monday,


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