Transaction fees are a millstone around the neck of many traders and investors. While it is understandable that nothing comes for free in life, and at least some fees need to be paid to make an entry on a blockchain, some coins have enormous fees, which makes small-value transactions unfeasible. Ripple (XRP) and Litecoin (LTC) are making transactions cheaper, while the new decentralized exchange TMS Network (TMSN), which is currently the first phase of its presale, is promising lower fees on trades made on the platform.
Litecoin (LTC) – Just Like Bitcoin, But Cheaper And Faster
Created in 2011, Litecoin (LTC) is often considered a “lite” version of Bitcoin due to its similar technical specifications but with some key differences, such as faster block times and lower transaction fees.
The fee structure for Litecoin (LTC) transactions is based on the size of the transaction in bytes and the current market value of Litecoin (LTC). Litecoin (LTC) fees are typically a few cents to a few dollars, making Litecoin (LTC) cheaper than traditional payment methods. Additionally, Litecoin (LTC) has implemented a feature called Segregated Witness (SegWit), which allows for more transactions to be included in each block, further reducing Litecoin (LTC) fees and increasing network capacity.
The Litecoin (LTC) network implements a dynamic fee system that adjusts fees based on network demand, ensuring that transactions are processed quickly during periods of high activity.
Ripple (XRP) – Cross-Border Trading At Reduced Cost
Ripple (XRP) is a digital currency and a blockchain-based payment protocol that aims to provide fast and secure cross-border payments. Ripple (XRP) protocol uses a distributed consensus algorithm to validate transactions, making Ripple (XRP) more energy-efficient than traditional proof-of-work blockchains.
The fee structure for Ripple (XRP) transactions is based on the amount of data being sent and the current market value of Ripple (XRP). The fee is typically a fraction of a penny, making it much cheaper than fees associated with traditional payment methods. Additionally, Ripple (XRP) implements a fee escalation system that increases fees during periods of high transaction volume, ensuring that the network remains stable and efficient.
One unique aspect of the Ripple (XRP) fee structure is that transaction fees are burned once paid, reducing the overall supply of Ripple (XRP). As opposed to other blockchains, which use fees to pay validators.
TMS Network (TMSN) – A Fair Fee Structure For Fair Trading.
TMS Network (TMSN) is a decentralized Ethereum-based trading platform that aims to address the issues in the traditional trading industry through its innovative features and tools, including social trading, on-chain analytics, trading bots, and a comprehensive range of educational resources.
Conventional transactions involve multiple intermediaries, leading to high trading fees. In contrast, TMS Network (TMSN) levies a fixed fee on each successful trade made on its platform, eliminating the need for intermediaries. This enables users to enjoy low fees when making purchases or remittances.
The TMS Network (TMSN) platform offers competitive trading fees, with rates varying depending on the trading pair and the user’s trading volume. TMS Network (TMSN) charges a maker-taker fee structure, with makers receiving rebates for adding liquidity to the platform and takers paying a fee for taking liquidity.
However, TMS Network (TMSN) also offers discounts on trading fees for users who hold TMS Network (TMSN) tokens and participate in the platform’s staking program. TMS Network (TMSN) aims to provide transparent fee structures and fair pricing for its users without sacrificing quality or reliability.
This innovative and cost-effective fee structure is highly attractive to investors, and TMS Network (TMSN) already secures $2 million in a private seed sale in an incubation fund. Tokens are now available in the first phase of presale at a cost of $0.0047. For more information, follow the links below.