TWEAK: Save on Some Crypto Transaction Fees
I have been writing about proof-of-stake (also shortened, PoS) altcoins in the past. This is part of an effort to educate some folks about the advantages of PoS, as against proof-of-work (also known as "mining").
* Staking Alt Coins for Passive Income
* AutoStart Staker Daemon on Boot
* Setup An Alt Coin Masternode for Passive Income
* Staking with Multiple Masternodes
* Masternode Proof-of-Stake Push Notifications
This time, the aim is to introduce the concept of fee-less transactions. Yes, you are reading it right fee-less.
While the fees for some PoS altcoins are dust compared to other cryptos, when having really small rewards these dust often add up and become quite significant.
I have tackled some coins like Nyerium (ticker: NYEX) and GlynoCoin (ticker: GLYNO). This time let me introduce Worx (ticker: WORX) which is a blockchain for the freelancers out there, myself included. I'm quite a part-time freelancer myself so that got me to participate in this PoS cryptocurrency.
To access, the fee-less configuration of the wallet, click the Choose.. button next to Transaction Fees (see the circled part of the screenshot below..
Tick the box where it says, Send as zero-fee transaction if possible. This is not ticked by default.
With the above, you may send transactions for masternode collateral(s), or split UTXOs for more efficient staking of coins. I have had several zero-fee transactions already. Sample is below. Notice Net amount: 0.00000000 WORX!
This feature is available to other coins as well, not just WORX. And note that not all transactions will be fee-less (hint: if possible), even though the feature is enabled. Some transactions still will have charges, but hey dust is still crypto and has value!
If you happen to find this post helpful, buy me coffee or beer by these wallets. Thanks in advance.
- Bitcoin (BTC) - 3Kyjg1Wj1PNGN3KhiRprxYvvQpdjC5kT3k
- Etherium (ETH) - 0x5F168F895C63ccC5FbEf921047bc2b63f6780c3F
Thanks! (vote for them as witness!)
@djimirji up!
💡 @dillagr get upvote on 73% (VotingPower 7933.67).
The post can fall into a two-day rating and get a reward in the case of Upvote the post
Rules for calling bot:
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by dillagr from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
great great
How Cool!
You got a 6.67% upvote from @coolbot courtesy of @dillagr!
Help us grow, delegate today!
Great article, maybe you are interested in the one in these links related to cryptocurrency,bitcoin:
League of Legends Ranked Gold Solo | Live w/ @Patchnotes [DLive][Eng] by patchnotes
Who makes more? by ogoowinner
Bitcoin and Dogecoin still poppin! by tripjammer
BITCOIN by onepercentbetter
BTC - First Resistance line broken - Diagonal resistance line is blocking us by cryptopassion
Il this comment you think is useful please consider vote it
I thought you had jumped ship! Excellent guide fees are always a sneaky one one Crypto and often you can see a hefty % disappear if you are not careful. Good advice, it's always worth double checking for those tick boxes.
#thealliance #witness
not yet sir.. am just away from the keyboard too long.
this is also part of the reason why i'm into PoS. so i could spend time away from the keyboard, yet earn still.
I really need to learn all the technical terms for crypto... I thought POS was Point of Sale! (Probably from my days working as a checkout chick at kwik-save supermarket all those years ago...) xD Thank you so much for the info! :)
#thealliance
thank you for showing this post some love @beautifulbullies.. yes, the crypto world has too many acronyms. there are more of them we have yet to discover.