FEES

This section explains the purpose of transaction fees on the THAT blockchain, highlighting their role in maintaining network security and preventing abuse.

Why Does the THAT Blockchain Have Transaction Fees?

The THAT blockchain will incur ‘near zero’ transaction fees, applicable to the sender. These fees are essential to cover the costs associated with downloading and verifying each transaction on the network. Transaction fees serve as a regulatory mechanism to prevent network abuse, reduce spam transactions, and protect the blockchain from being flooded with malicious transactions that could impede legitimate usage.

The fees will be set as low as possible to be considered insignificant for genuine users of the network, yet high enough to deter malicious users and prevent load attacks. Transaction fees are also paid to individuals who help run and maintain the network’s security.

Please note that brokerage fees incurred when buying and selling THAT on an exchange are entirely separate from transaction fees.