Page 34 - Understanding EOS TojuKaka FlipBook

What if I want to send $1,000,000 worth of EOS?
Does it cost anything? The answer is no! It doesn’t
matter if you are sending $0.0001 or $1,000,000, it
would cost zero fees and take just 0.5 seconds.

EOS may be free to use and transact on, but that is
because someone else is bearing the cost. EOS is
designed in a way that transactions are free for users
but dApps bear the cost. No! dApps don’t spend
money or EOS in order to pay for users transaction
fees. Instead, they stake EOS resources (RAM, CPU
and Bandwidth) for the users. “There’s time value of
money.” DApps lock their assets; that time value is
what pays for user transactions and enables users to
enjoy free transactions.

EOS is Simple and Easy to Use

Blockchain products are notorious for being complex
and having a poor user experience. I believe that for
blockchain to scale to the masses, it needs
applications that can appeal to people who are not
techy. Things like cryptographic hashes which are
commonly used as account names will not suffice.

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