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👨🏻🏫 [BABEL FEES EXPLAINED] 👨🏻🏫
If people are making transactions on @Cardano with assets other than just ADA, it would be convenient for them to be able to pay their #fees in that asset instead of in ADA. 📵
Transaction fees are an important part of keeping a network like Cardano secure. Staking is what secures the network, and transaction fees provide a tangible incentive for stakeholders to stake since they are part of what makes up #staking rewards. 💰
On Cardano, UTXO #transactions require at least 1.44 ADA in your wallet to withdraw Cardano native assets. That alone explains the difficulty of the technical integration with exchanges because Babel fees are still not available on Cardano. That is why we will give our Revuto investors 1.44 ADA to cover transaction fees. 🎉
Read more about Babel fees in this Cardano #Reddit post 👇🏻 https://www.reddit.com/r/cardano/comments/lt5f85/babel_fees_explained_how_users_of_cardano_will_be/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
If people are making transactions on @Cardano with assets other than just ADA, it would be convenient for them to be able to pay their #fees in that asset instead of in ADA. 📵
Transaction fees are an important part of keeping a network like Cardano secure. Staking is what secures the network, and transaction fees provide a tangible incentive for stakeholders to stake since they are part of what makes up #staking rewards. 💰
On Cardano, UTXO #transactions require at least 1.44 ADA in your wallet to withdraw Cardano native assets. That alone explains the difficulty of the technical integration with exchanges because Babel fees are still not available on Cardano. That is why we will give our Revuto investors 1.44 ADA to cover transaction fees. 🎉
Read more about Babel fees in this Cardano #Reddit post 👇🏻 https://www.reddit.com/r/cardano/comments/lt5f85/babel_fees_explained_how_users_of_cardano_will_be/?utm_source=share&utm_medium=ios_app&utm_name=iossmf