Thanks for your response! ☺ I still have plenty of questions;

Question

Thanks for your response! ☺ I still have plenty of questions;

I can't wait to see the documents to understand everything.
The fees are in NOIA, but since it's on Cosmos, I assume ATOM is also required? Additionally, what happens to the tokens used?

#cryptocurrency #english #syntropy

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20.11.2023

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Džiugas ✤

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20.11.2023

Underwater Crypto ✤ Автор вопроса

I'm not sure either, but if data enters the blockchain, there's usually a gas fee for each transaction. As for the Cosmos blockchain, I'm unsure how they've defined the business model. Thanks for the response👌

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20.11.2023

Džiugas ✤

Underwater Crypto ✤
I'm not sure either, but if data enters the blockc...

Yes, but they key distinction from a token existing on Ethereum for example, is that we built our own blockchain using Cosmos SDK. So fees will be paid in NOIA.

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20.11.2023

Underwater Crypto ✤ Автор вопроса

Džiugas ✤
Yes, but they key distinction from a token existin...

Really interesting, thanks!

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20.11.2023

Kasparas · Accepted Answer

Kasparas

Something that is yet to be updated before we have an actual date set for the migration to Cosmos blockchain. Except the already mentioned two-way bridge there’s unfortunately no available public details. 🫡

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20.11.2023

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Thanks for your response! ☺ I still have plenty of questions;

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