this post was submitted on 28 Jul 2024
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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@Berg @aldalire the fees in monero work diferently than bitcoin..
Monero has an dinamyc block size which means that once the blocks become full the blocksize limit will expand, this is done slowly to avoid spam just otherwise empy blocks.. also with the encrease of blocksize the fees get lower.. (I dont recall the math used here)
But that sayed, its not a perfect system but the community is willing to adapt as needed..