How are Transactions Feeless on EOSIO?
With blockchain platforms that use a proof-of-work consensus mechanism, there are fees for each transaction processed. EOSIO eliminates these by having the network shoulder the burden of these costs – through inflation – rather than making the individual users of the network pay to access its combined resources. In other words, ownership of tokens covers any incidental costs involved.
Disclaimer: Block.one is a software company that is producing the EOSIO software as a free, open-source protocol. This software may, among other things, enable those who deploy it to launch a blockchain, or decentralized applications with various features. For more information, please visit https://github.com/eosio. Block.one does not provide financial support to anyone seeking to become a block producer on any version of the EOSIO platform that may be adopted or implemented.
Block.one will not be launching any of the initial public blockchains based on the EOSIO software. It will be the sole responsibility of third parties, the community, and/or those who wish to become block producers, to adopt and implement EOSIO in the manner they choose, with the features they choose, and/or providing the services they choose. Block.one does not guarantee that anyone will adopt or implement such features, or provide such services, or that the EOSIO software will be adopted and implemented in any way.
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