07 Feb Ethereum: Why does Armory enforce a minimum transaction fee?
Ethereum: Why is Armory forced to a minimum transfer fee?
When it comes to sending coins online, users have several options available. Bitcoin.org, the official customer of the popular Crypto currency, allows users to set transaction fees at a maximum of 1,000 Satoshis (approximately approximately approximately USD). In contrast, Armory, a decentralized wallet and a tool package that developed the Ethereum project, implemented a minimum business fee.
At first glance, it may seem a significant difference in fees between the two platforms. However, there are several reasons why Armory forces a minimum transaction fee of 0.0005 ether (ETH) or about $ 0.15.
Security questions
One of the reasons for a minimum transaction fee is that it serves as an anti-ulog of money laundering (AML). By imposing a small fee for each transaction, Armory is intended to maintain malicious activities such as coins and unwanted mail. These practices can lead to a large volume of transaction, which in turn increases the risk of security violation.
Prevention of network overload
Another reason for the minimum transaction fee is that it contributes to the networking of networks. If more users sends coins to the Ethereum net at the same time, the speed of the network block slows down. By imposing a small fee for each transaction, Armory ensures that new transactions are processed with a reasonable pace, which reduces the likelihood of an overload of network.
centralized opposite decentralized networks
Weapons are a decentralized application (DAPP), which was built on top of Ethereum blockchain. It acts as such regardless of the central stock exchanges and other traditional financial systems. With the implementation of a minimum transaction fee, Armory is aimed at maintaining their decentralized way of maintaining and ensuring that all users contribute to the network safety.
Comparison to Bitcoin.org
To put this in the right perspective, you can set the transaction fee on 0 when you use bitcoin.org. As mentioned above, sending coins with a gunman with a minimum transaction fee in the amount of 0.0005 eth or $ 0.15. A significant difference may be done, but it is worth noting that both platforms offer similar transactions for most users.
In short, the minimum business fee is forced to Armor a deliberate choice of design that aims to improve the network safety and prevent malicious activities. By imposing a small fee for each transaction, Armory ensures that all users contribute to the stability and safety of the network. This can seem a small detail for some users, plays a key role in maintaining a decentralized character Ethereum blockchain ecosystem.
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