create account

EOS is free for transaction, is it true? by seedies

View this thread on: hive.blog |  peakd.com |  ecency.com

Viewing a response to: @musing-threads/ak8z5wsnc

musing-threads · @seedies ·
EOS is free for transaction, is it true?
<a href="https://musing.io/q/seedies/p3gkvc4sx"><b>EOS is free for transaction, is it true?</b></a><p>There are no transaction fees for users, but the fee for RAM, CPU, NET is pretty high, also it's not free to create new account ~ 15 USD per new account. 

Am I missing something?

</p>
👍  
properties (23)
authorseedies
permlinkp3gkvc4sx
categorymusing-threads
json_metadata"{"appTags":["eos","fees"],"appCategory":"eos","appBody":"There are no transaction fees for users, but the fee for RAM, CPU, NET is pretty high, also it's not free to create new account ~ 15 USD per new account. \n\nAm I missing something?\n\n","appDepth":1,"musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"question"}"
created2018-07-04 11:03:24
last_update2018-07-04 11:03:24
depth1
children1
last_payout2018-07-11 11:03:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length287
author_reputation98,446,399
root_title"Musing Daily Questions 🐮"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id63,371,087
net_rshares617,859,388
author_curate_reward""
vote details (1)
@valth ·
$0.58
EOS is free for transaction, is it true?
You are correct. It's pretty much the same way with Steem; you need to buy or get Bandwidth (here rewarded with vesting/Steem Power), which is the equivalent of buying RAM. 

As for an account creation fee; keep in mind that you only need to vest that amount, you do not actually loose it. 

Other than that, transactions on the EOS blockchain are free / does not cost a fee.
👍  
properties (23)
authorvalth
permlinkf3r23z4sx
categorymusing-threads
json_metadata"{"appTags":["eos","fees"],"appCategory":"eos","appBody":"You are correct. It's pretty much the same way with Steem; you need to buy or get Bandwidth (here rewarded with vesting/Steem Power), which is the equivalent of buying RAM. \n\nAs for an account creation fee; keep in mind that you only need to vest that amount, you do not actually loose it. \n\nOther than that, transactions on the EOS blockchain are free / does not cost a fee. ","appDepth":2,"appParentPermlink":"p3gkvc4sx","appParentAuthor":"seedies","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
created2018-07-04 11:37:15
last_update2018-07-04 11:37:15
depth2
children0
last_payout2018-07-11 11:37:15
cashout_time1969-12-31 23:59:59
total_payout_value0.439 HBD
curator_payout_value0.145 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length376
author_reputation74,218,254,347,006
root_title"Musing Daily Questions 🐮"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id63,374,712
net_rshares248,931,154,192
author_curate_reward""
vote details (1)
Help/Feedback