Hello everyone, I am again back, and today we are going to discuss Hive Blockchain's no-fee model. If you are doing something on-chain, you have to pay for it, and this is a truth of the blockchain world, and we all accept that thing without any complaint. There are many activities on blockchain, like transferring tokens, content writing and sharing, or even NFT mining. The fee or gas fee is necessary for you to pay, and you can say this is a business model.
In this world of fees, Hive blockchain is something unique and runs opposite to the sheep trick. Hive blockchain is still following the zero-fee (no fee) model, and this is a great weapon for the entire hive ecosystem. I remember the old time when the RC (resource credit) model was launched in Hive, many Hive users were against it, and those silly users are happily paying high gas fees on Ethereum and Solana.
We still have those double-faced idiots on Hive too, but it is natural because we can't expect all people should be good in a community. Let's understand how the no-fee model is the biggest strength for the hive.
Frictionless Onboarding on hive | Real Adoption
We are seeing that mainstream adoption is happening in crypto, and the most important thing that matters is user experience. When it comes to new users who have just entered in blockchain world, they don't know much about complicated things like gas fees and swaps, ETC., and also they don't want to learn because, as I said, those are complicated things for them. In this case, the Hive blockchain's no-fee model works like magic, and it is also very easy to onboard users here. No credit card, wallet, or fiat deposit required to do this. wanna learn or post a blog or else want to send tokens to others or use crypto for powerup, everything you can do it here without paying fees and convenient way.
This is like the playground, or you can say the stadium of the Web 3.0 world, where you do not need to pay for play. And no doubt, the hive can be the door and the best entry point for the people.
Microtransactions Made Practical Again
Microtransactions are impossible in other blockchains due to high gas fees, but the situation is different on the Hive platform, and you can see lots of people are already doing microtransactions on a daily basis. This fee-less model is convenient for many games because it enables penny-size rewards, so you can even tip 0.001 to someone, and you can earn 0.001 in the game.
Now you may say, Why do these tiny transactions matter? In many developing countries, hive is becoming a real income source, and tiny amounts matter a lot for them.
Developer-Friendly Economics
Hive is not just for the users, but it is developer-friendly too. Developers do not need to constantly explain about fees and also about pricing, which means no gas optimization. Overall, the financial troubles are reduced on Hive, which is why it can be a favorite place for building for developers in the Web 3.0 world. We are seeing slow and steady growth and results here.
Final Thoughts
Here I want to mention RC, which is not free but a great model, and in the future, we will see the RC market on Hive. RC (resource credit) works based on hive power, and it is like bandwidth which needed for more transactions. This is necessary against spam. Hive is a blockchain for all people without any restrictions and provides convenient, hassle-free, and free services to people. Share your important opinions below, and must share this article because this post is needed to share with other users.
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and having new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring. Thank you, hive family ♥ |