You are viewing a single comment's thread from:

RE: Steempower (RC's) is a way more flexible resource than gasoline. Look further than the current troubles.

in #exyle6 years ago

Love the comparison and analogy with RCs to Gas... A thought that ran through my mind was people questioning why DApps and other projects would want to use the Steem blockchain over any other blockchain platform (Ethereum for example) when it’s required that they buy and power up STEEM for the RCs they need.

The answer to this question is the same as what you mentioned in your post: RCs regenerate over time. Yes, these DApps will have to buy STEEM and power up, but they will not lose that STEEM as they use their RCs for actions on the blockchain.

Compare that to being a project on a blockchain like ETH, where you have to actually pay per TX in the form of GAS...

On Steem, DApps won’t have to pay per transaction, but rather, simply hold a stake in order to transact - a stake that is actually growing and earning money overtime!

RCs are exciting. I didn’t fully grasp the concept and implications until I read more about it from yourself and a few other influencers on the blockchain. Thanks for keeping us informed 😊

Sort:  

Yes! You got it 100%! It's a huge difference! On Ethereum you lose a little bit of money (eth) with every transaction that goes to miners. Here you don't. You only loose some RC's that regenerate over time.

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.027
BTC 61228.86
ETH 2663.22
USDT 1.00
SBD 2.54