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RE: This new feature on Reddit is challenging the relevance of Hive

in Project HOPE5 years ago (edited)

Also "optimistic rollups" allow applications to put up to 500 transactions/events into one Ethereum block. This means the gas cost is 500x cheaper and faster through optimistic rollups.

And When Ethereum does EIP 1559 you won't manually pay gas anymore, it will be automated so you only need a little ETH in a wallet and it can be used as gas without thinking about it.

Long term, resource credit systems allow for rent seeking, which means in the very long term RCs would actually be more expensive than Ethereum's gas system.

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Interesting, thanks for educational comment!