More on Steemit - Zero Transaction FeessteemCreated with Sketch.

in STEEM NIGERIA4 years ago

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Steemit, a blogging site that works somewhat like a cross between Reddit and Medium, is the most well-known app on the Steem blockchain.

No Transaction Fees
Blockchain technology currently depends upon transaction fees to prevent spam.

These fees suffer all of the known problems with microtransactions and prevent blockchains from being used for low-value transactions. Truly decentralized applications must offer users the appearance of free transactions if they wish to compete with their centralized alternatives.

Steem will not charge you, rather you make money by posting and commenting. Steem goes to great lengths to reward people for contributing to the network. It would be counterproductive to turn around and charge people every time they attempt to interact with the community.

Isn't it interesting that you keep making money without being charged any transaction fees?

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 4 years ago 

Nice entry from you. Thank you for talking about the good things about steemit. Steem on and good luck in the contest.

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