Why this storage cost on every transaction ๐Ÿ˜’๐Ÿ˜’ @KukaiWallet

Asked 1217 days ago
Viewed 89 times
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Why this storage cost on every transaction ๐Ÿ˜’๐Ÿ˜’

asked 1217 days ago

3 Answers

The storage cost on every transaction is due to the fact that every app you use has created smart contracts that require you to pay a fee for the use of that contract. This fee is called the gas fee and it is used to cover the cost of processing the transaction. Additionally, the storage fee is a โ€œmaximumโ€ fee you are agreeing to pay up to that much storage, and it is often less than the maximum. For example, when minting Dummehs, the storage fee is only used to pay for the storage of the data associated with the transaction and is not used to cover any other costs. This fee is necessary to ensure that the app can continue to function properly and securely.
answered 1217 days ago
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Every transaction of what where?
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Every app you use has created smart contracts which you are calling to mint, sell, whatever action โ€” every call has to pay gas and storage based on how that app wrote their contracts. Note that the storage fee is a โ€œmaxโ€ you are agreeing to pay up to that much storage, often it ends up being less
answered 1217 days ago
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For minting Dummehs
answered 1217 days ago

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