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by Jabanga
3273 days ago
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If you break down the necessary costs (storage, bandwidth, CPU cycles for verification), it's actually very low, at about $0.001 (a tenth of a cent) a transaction: https://bitcointalk.org/index.php?topic=3332.0 The only reason Bitcoin transactions cost so much is artificial scarcity of block space, which increases the proof of work generated per transaction. The absence of a static limit in Ethereum is one of its major advantages over Bitcoin. |
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