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Learning & News => News related to Crypto => Topic started by: newshunter on February 07, 2022, 07:00:59 AM

Title: Gas-free transactions will revolutionize Web3
Post by: newshunter on February 07, 2022, 07:00:59 AM

Gas-free transactions will revolutionize Web3

The next wave of DeFi will see users utilizing L2 chains, interacting freely or at near-zero cost with newer DeFi applications.

Source: Gas-free transactions will revolutionize Web3 (https://cointelegraph.com/news/gas-free-transactions-will-revolutionize-web3)

Would appreciate your opinion about this

Title: Re: Gas-free transactions will revolutionize Web3
Post by: TomPluz on February 07, 2022, 12:57:34 PM

I am hoping that soon many people in cryptocurrency can really experience this almost zero transaction cost...which is kinda so different from the incredible gas fees we are currently experiencing with the Ethereum network. This should have been one of the many wake up calls for the failure of Ethereum to come up with solid solution to the problems the network is facing right now. And yes, of course this can really attract more and more people to Web 3 platforms.

Title: Re: Gas-free transactions will revolutionize Web3
Post by: Alcor on February 07, 2022, 03:10:07 PM

The current rapid development of cryptocurrencies (there are now 17,391 of them), as well as the tightening of competition between them, will inevitably lead to a reduction in transaction fees, up to making them free. Cryptocurrencies that will not withstand this competition will leave the market. Both ethereum and even bitcoin need to be ready for this.

Title: Re: Gas-free transactions will revolutionize Web3
Post by: Oksana Ksyusha on February 07, 2022, 09:45:42 PM

Really Web3 will be a revolution of Internet. And I hope transactions will cost 0. It will be cool!