Cryptocurrency Q&A
Which blockchain has no gas fee?
Which blockchain has no gas fee?
Silvia
Thu Oct 17 2024
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7 answers
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The user is inquiring about a blockchain that does not charge gas fees. Specifically, they want to know which blockchain allows transactions or smart contract executions without requiring users to pay for the computational resources used, typically denominated in a native cryptocurrency like Ether for the Ethereum blockchain.
7 answers
Valeria
Sat Oct 19 2024
SKALE achieves this by offering a highly scalable and customizable blockchain network that can be tailored to meet the specific needs of enterprises and developers. Its architecture allows for the creation of parallel blockchains, known as SKALE Chains, that operate independently yet securely interconnected.
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Lorenzo
Sat Oct 19 2024
Each SKALE Chain is designed to be highly efficient, capable of processing thousands of transactions per second with minimal latency. This makes it ideal for use cases that require high throughput and low latency, such as gaming, finance, and IoT.
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CosmicDreamWhisper
Sat Oct 19 2024
SKALE presents itself as a revolutionary blockchain solution, introducing the concept of a "Gas-Free, Invisible Blockchain." This innovative approach challenges the traditional norms of blockchain technology, promising a seamless and cost-effective experience.
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EtherealVoyager
Sat Oct 19 2024
In addition to its scalability and efficiency, SKALE also prioritizes security. It employs advanced cryptographic techniques and decentralized governance mechanisms to ensure the integrity and resilience of its network. This provides users with peace of mind, knowing that their data and transactions are secure.
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SamuraiCourage
Sat Oct 19 2024
By eliminating the need for gas fees, SKALE addresses one of the most significant barriers to widespread blockchain adoption. Gas fees, often associated with high transaction costs, can deter users and limit the scalability of blockchain networks.
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