Hello friends, today I was introduced to the amazing community of coin Dash.
I asked their forum the next question:
I saw in my ledger wallet that the fee is 0.02$ per transaction sometimes more 0.04$.
what happened with bitcoin is when the price raised up the fees raised up as well because
0.001 btc is much more in USD now (10$++)
my question about dash is
if dash will get a 100B market cap (now it's 7-8B market cap)
does the fees will be increased X10 as well? like the thing that happened with BITCOIN?
or the fees are planned to be low ? how does the fees system work?
I mean if Dash will go to 100k per 1 Dash, I will pay 4 USD per transaction? (0.04(cents)X100).
so they answered me the following answer:
Minimum fee to send recently transferred coins is currently 0.00001 Dash/kB.....
and Typical transaction is less than 0.5 kB.
so the fees in Dash are very low!
and this is the part of the answer when I knew that Dash is going to be something Big!
There is also a proposal about commitment to lower the fees in the future if the price of Dash rises: https://www.dashcentral.org/p/should_we_lower_the_transaction_fee
For those who do not know, Dash is a currency with internal autonomy (DAO).
Anyone who has over 1000 dash in his wallet can point to decisions that touch a Dash and also cause their implementation.
In the above link, a suggestion was made to make the commissions at Dash even lower because the value of the currency has risen so much.
The beautiful thing about Dash is that the person who keeps the 1000 dash in his wallet wants people to buy the coin and therefore will probably vote for low fees!
In order to make an offer for improvement you have to pay 5 dash !! see link.
The beautiful thing about Dash is that he works on both psychology and technology
Because the more you hold a dash, the better you want the coin will be and you want that more people will use it! So you as a Master Node will offer good suggestions for improvement!
(MASTER NODE = 1000 DASH OR MORE IN WALLET)
