So, with the nature of crypto and how it works, you have to pay a network fee to use these blockchain networks. You are paying people like me who run the hardware needed to process these transactions and keep the network secure.
If you are using Ethereum, SOlana, etc, you have to have ETH or SOL in your wallet to pay these fees. They call it gas fees. It’s like needing gas in your car to make it go, same thing with those chains.
BTC, LTC, DOGE, Monero, etc, they all use the same coin for fees because it’s only one coin in the ecosystem, but with like Ethereum, ETH is the gas coin to trade or transact on that network, no matter what token you are using.
Hive uses resource credits, which means you need Hive staked in your wallet to use the chain. The more you need to do, the more you need to stake.
no, it shouldn’t. Those are probably just miserable people anyway. Next time someone is mean, let me know who and I will call them out for it on the chain and make them look like an arse! I am not scared of offending anyone around here.
So, with the nature of crypto and how it works, you have to pay a network fee to use these blockchain networks. You are paying people like me who run the hardware needed to process these transactions and keep the network secure.
If you are using Ethereum, SOlana, etc, you have to have ETH or SOL in your wallet to pay these fees. They call it gas fees. It’s like needing gas in your car to make it go, same thing with those chains.
BTC, LTC, DOGE, Monero, etc, they all use the same coin for fees because it’s only one coin in the ecosystem, but with like Ethereum, ETH is the gas coin to trade or transact on that network, no matter what token you are using.
Hive uses resource credits, which means you need Hive staked in your wallet to use the chain. The more you need to do, the more you need to stake.
Oh thanks for the info, I will have to learn more about this
Yeah man, no problem! Never be afraid to ask questions. Someone may think you are stupid, but most of us are here to help!
I have encountered some people here who are very mean when it comes to questions, but that should not stop us from asking.
no, it shouldn’t. Those are probably just miserable people anyway. Next time someone is mean, let me know who and I will call them out for it on the chain and make them look like an arse! I am not scared of offending anyone around here.