📌 Gasless Transactions Summary
Gasless transactions are blockchain transactions where users do not need to pay transaction fees, commonly known as gas. Instead, a third party, such as a sponsor or a smart contract, covers the fees on the user’s behalf. This makes it easier for newcomers to use blockchain applications without needing to hold cryptocurrency for fees.
🙋🏻♂️ Explain Gasless Transactions Simply
Imagine sending a parcel, but instead of you paying the postage, someone else covers the cost so you only need to write the address and send it off. Gasless transactions work the same way, letting you use blockchain apps without worrying about extra charges. This helps more people use these services without needing to understand or own cryptocurrency.
📅 How Can it be used?
Gasless transactions can enable seamless onboarding for users by removing the barrier of paying blockchain fees when interacting with an app.
🗺️ Real World Examples
A gaming app on Ethereum uses gasless transactions so players can trade in-game items without paying transaction fees. The company covers these fees, making it simple for players to swap items even if they have no cryptocurrency.
A decentralised voting platform lets citizens vote on issues without holding any tokens or paying for gas. The organisation running the election covers all the transaction costs, making participation free and easy.
✅ FAQ
What are gasless transactions and how do they work?
Gasless transactions let you use blockchain apps without paying any transaction fees yourself. Instead, someone else, like a sponsor or a smart contract, pays the fees for you. This means you can send tokens or use services straight away, even if you do not have any cryptocurrency to cover fees.
Why are gasless transactions useful for people new to blockchain?
Gasless transactions are helpful for beginners because you do not need to worry about buying or holding cryptocurrency just to pay for fees. This removes a big hurdle, making it much easier for anyone to try out blockchain apps and services for the first time.
Who pays the transaction fees in a gasless transaction?
In a gasless transaction, the fees are usually paid by a third party, such as a company, an app developer, or a smart contract. They cover the costs so you can use the service without needing to pay anything yourself.
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