RE: Meme Battle on Twitter Spaces now
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So if a token is based on the Ethereum blockchain, one cannot have control over the private keys? !HUG !LUV
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You are viewing a single comment's thread:
So if a token is based on the Ethereum blockchain, one cannot have control over the private keys? !HUG !LUV
@savvytester, @svanbo(5/10) sent you LUV. | tools | discord | community | HiveWiki | NFT | <>< daily
What I mean is that if you want to transfer Ethereum tokens without paying gas fees, you need to have them on centralized exchanges where you won't need to pay gas fees (but those exchanges may impose other types of fees). π€ Otherwise, you can truly own your Ethereum tokens by having them on your own Ethereum wallet, but you will need to pay gas fees for every transaction on your wallet. πΈπ !PIZZA !LUV
@svanbo, @savvytester(5/10) sent you LUV. | tools | discord | community | HiveWiki | NFT | <>< daily
I know, ETH is a pain... !LOL !PIZZA
That's why you should always prefer to use Hive second-layer tokens (such as #HiveEngine and #Honeycomb) instead of those on the Ethereum blockchain. ππ !LOL !PIZZA
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Nobody nose.
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Or actually tokens on any other Bockchain than on the ETH Blockchain I'd say.... !LOL !LUV
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Transactions involving tokens on other blockchains are somewhere between Hive fees (which are practically zero) and Ethereum fees (which are so huge). π !PIZZA !LUV
@svanbo, @savvytester(3/10) sent you LUV. | tools | discord | community | HiveWiki | NFT | <>< daily
That's right. Polygon is free as well I believe, as well as is IOTA !LUV !BBH
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Unless your favorite tokens are on those blockchains, I don't think that you would interact with them even if they have (practically) free transactions. π !LUV !CTP
@svanbo, @savvytester(2/10) sent you LUV. | tools | discord | community | HiveWiki | NFT | <>< daily
Generally I use them for trading them or for keeping them hoping that they'll be worth a lot more like it's the case for IOTA !HUG !BBH
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@savvytester! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @svanbo. (1/1)
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