Comment on So Far, AI Is a Money Pit That Isn't Paying Off
iopq@lemmy.world 1 year agoI’m still trying to transfer $100 from Kazakhstan to me here. By far the lowest fee option is actually crypto since the biggest difference is the currency conversion. If you have to convert anyway, might as well only pay 0.30% on both ends
demesisx@infosec.pub 1 year ago
Look into DJED on Cardano. It’s WAY cheaper than ETH (but perhaps not cheaper than some others). A friend of mine sent $10,000 to Thailand for less than a dollar in transaction fees. To the OP: Sounds like a use-case to me!
oroboros@sh.itjust.works 1 year ago
If only I had some money to transfer somewhere :(
FaceDeer@kbin.social 1 year ago
Layer-2 rollups for Ethereum are also way cheaper than the base layer, this page lists the major ones.
demesisx@infosec.pub 1 year ago
Hmm.
You still have to deal with ETH fees just to get the funds into the roll up. I admit that ETH was revolutionary when it was invented but the insane fee market makes it a non-starter and the accounts model is just a preposterously bad (and actually irreparably broken) design decision for a decentralized network, makes Ethereum near impossible to parallelize since the main chain is required for settlement.
FaceDeer@kbin.social 1 year ago
There are exchanges where you can buy Ether and other tokens directly on a layer 2, once it's on layer 2 there are no further fees to get it there.
Layer 2 rollups are a way to parallelize things, the activity on one layer 2 can proceed independently of activity on a different layer 2.
I have no idea why you think contracts on Ethereum are nondeterminstic, the blockchain wouldn't work at all if they were.