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by dqpb 1595 days ago
> But at $10+ for a transaction fee that’s impossible

Algorand transaction fees are a fraction of a cent.
1 comments
prepend 1595 days ago
That’s great news, but the major projects like BiCoin and Ethereum are super expensive to do transactions.

I hope Algorand takes off as micropayments are a really nice use case and I’d like to be able to use it.

Just simple stuff like sending $20 worth on a paper wallet to niblings for their birthday. I just want to stop using cash.

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rjakobsson 1595 days ago
I’m sorry, but you are vey misinformed regarding the transaction cost of Bitcoin.
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prepend 1595 days ago
What’s the best way to check out transaction costs.

This site [0] shows the average transaction cost at US$1.675.

And the same site [1] shows ethereum at US$3.916.

This is much lower than the last time I checked. But still impractical for any real uses. A few dollars per transaction is bad, especially when the price can fluctuate 20% per day.

Here’s the blurb from their site “ Average Transaction Fee is at a current level of 3.916, up from 3.227 yesterday and down from 17.67 one year ago. This is a change of 21.36% from yesterday and -77.84% from one year ago.”

[0] https://ycharts.com/indicators/bitcoin_average_transaction_f...

[1] https://ycharts.com/indicators/ethereum_average_transaction_...

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