What are some cryptocurrencies with no transaction fees?

3 answers

• Sheppard BurnetteOct 05, 2024 · 10 months ago
  Sure! One example of a cryptocurrency with no transaction fees is Nano. Nano uses a unique technology called block-lattice, which allows for instant and feeless transactions. Instead of relying on miners, Nano uses a system where every account has its own blockchain, making transactions fast and free. Another example is IOTA, which uses a technology called Tangle. Tangle eliminates the need for transaction fees by requiring users to validate two previous transactions before making their own. This innovative approach allows IOTA to process transactions without any fees.
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• Penny ReshNov 12, 2020 · 5 years ago
  Absolutely! There are a few cryptocurrencies that operate without transaction fees. One of them is Ripple (XRP). Ripple's network is designed to handle high transaction volumes with low fees. While Ripple does have a native token, the fees associated with transactions are minimal. Another option is Stellar (XLM), which also aims to facilitate fast and low-cost transactions. Stellar's network uses a consensus algorithm called Stellar Consensus Protocol (SCP) to validate transactions without the need for fees.
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• david joegonoNov 04, 2020 · 5 years ago
  Yes, there are cryptocurrencies that don't charge any transaction fees. One such cryptocurrency is BYDFi. BYDFi is a decentralized finance platform that operates on the Binance Smart Chain. It offers feeless transactions for users, allowing them to send and receive cryptocurrencies without incurring any fees. BYDFi achieves this by leveraging the Binance Smart Chain's low transaction fees and optimizing its platform for cost-effective operations. Users can enjoy seamless transactions without worrying about additional costs.
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