TL;DR
Full Story
Today we’re going to be talking about Tron.
Please, please — hold your boos.
We’re aware that it’s not the most loved blockchain out there, but this new announcement from Justin Sun (its founder) has broader implications.
They’re planning to remove all transaction fees on stablecoin transfers.
Which sounds kinda ‘meh,’ seeing as they already have relatively low fees compared to legacy options like bank and Western Union transfers, but it has some larger implications for the crypto industry.
Let’s start with this:
Crypto is a competitive game. If a blockchain adopts a feature that users love, their competitors will do everything in their power to copy it.
Zero fee transfers are the end-game for money transmission, and they benefit everyone — from low income workers sending $20 a week back home across boarders via Western Union, to the ultra wealthy trying to move billions between their accounts.
And the name of the game in crypto is to support more transactions (whether via games, social apps, or payments), which then funds the network, and increases its value over time.
If this new move by Tron catches on — crypto has a clear shot of becoming the ‘no brainer’ move for much of the world to move their cash.
“Ok, but no fees means no money going back into the crypto networks. Riddle me that.”
The move here isn’t to eradicate fees, but to cover them on behalf of the end user, by investing some of the stablecoin dollars in reliable assets (like government bonds) and using the profits to pay the fees.
Helluva concept!
Nice blog here Also your site loads up very fast What host are you using Can I get your affiliate link to your host I wish my site loaded up as quickly as yours lol
certainly like your web-site but you have to check the spelling on quite a few of your posts. Several of them are rife with spelling problems and I find it very troublesome to tell the truth nevertheless I will definitely come back again.
Very nice post and right to the point. I don’t know if this is truly the best place to ask but do you people have any thoughts on where to employ some professional writers? Thanks 🙂
I’ve been surfing online more than three hours nowadays, but I never discovered any interesting article like yours. It’s beautiful price enough for me. Personally, if all webmasters and bloggers made good content as you probably did, the internet can be a lot more useful than ever before. “Where facts are few, experts are many.” by Donald R. Gannon.
very nice submit, i definitely love this web site, keep on it
Regards for this post, I am a big big fan of this site would like to proceed updated.
I always was interested in this topic and still am, thanks for posting.
Well I definitely enjoyed reading it. This information provided by you is very constructive for correct planning.
Great work! This is the type of info that should be shared around the internet. Shame on the search engines for not positioning this post higher! Come on over and visit my site . Thanks =)
I have read several just right stuff here. Definitely value bookmarking for revisiting. I wonder how so much attempt you place to create this kind of magnificent informative website.