Ethereum: Why does Armory enforce a minimum transaction fee?
Ethereum: Why Armory promotes a minimum transaction fee?
When it comes to sending coins online, users have several options. Bitcoin.org, an official client of popular cryptomena, allows users to set transaction charges to a maximum of 1,000 Satoshis (approximately $ 2.50). On the contrary, an armory, an armmace, a decentralized wallet and a tool package developed by Ethereum Project, implemented a minimum transaction fee.
At first glance, this may seem as a significant difference in the fees between the two platforms. However, there are several reasons why armor promotes a minimum transaction fee of 0.0005 ether (ETH) or approximately $ 0.15.
Fears for Security
One of the reasons for the minimum transaction fee is that it serves By Stating a Small Fee for Each Transaction, Armor to Discourage Harmful Activities Such as Coin Dump and Spamming spam. These procedures can lead.
Prevention of Network Overload
. When more users send coins to the Ethereum network at the same time, the networking rate slows down. By
Centralized vs. Decentralized Networks
Armory is a decentralized application (DAPP) Built on top of Blockchain Ethereum. Therefore, it works independently of Centralized Exchanges and Other Traditional Financial Systems. The aim of Armory is to provide the minimum transaction
Comparison with Bitcoin.org
You can set the transaction fee to 0. Significant Difference
Finally, Minimum Transaction Fee For By The decentaining nature of the ecosystem blockchain Ethereum blockchain.