this post was submitted on 29 Oct 2024
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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As far as I can read, fees are determined by block size. The smaller the block, the larger the fee. If Monero went mainstream and usage increases, the blocks would be larger and the fees smaller.
Thank you for making me research this. I learned something new today 🙂
That is a very cool mechanism. Thanks for the info!