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Topic: Total Cost of Ownership

3

Primer

CTO’s Guide to the Basics of Blockchain Fees

As with any technology being considered for adoption, one of the most important issues for enterprises to consider when it comes to distributed ledger technology as a strategic application platform is the total cost of ownership. But understanding blockchain TCO means understanding blockchain fees first.

Total Cost of Ownership

Smart Contracts

Tokenomics

By bob.reselman

Published:January 4, 2023

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23 min read

Fiat Currency

Unlike other terms and phrases which are unique to the blockchain industry, fiat currency (aka “fiat” or “fiat money”) is a phrase more widely used across the financial industry (and even beyond) to refer to government-backed national currencies such as the US dollar or the British pound. Even so, the concept of fiat currency is deeply intertwined into multiple aspects of distributed ledger technology (DLT) and cryptocurrency usage. One of those aspects has to do with how individuals and organiz...
Total Cost of OwnershipRegulation

Transaction Fee

Most public distributed ledgers involve a novel financial model that doesn’t involve pre-arranged software licenses or contracts, financial obligations to the end user, and monthly or annual bills or subscription fees. Instead, public distributed ledgers operate on a purely on-demand pay-as-you go basis, otherwise known as a coin-operated business model. Charges for using public Distributed Ledger Technology (DLT) are levied in terms of transaction fees and, in the case of smart contract-enabled...
Total Cost of Ownership
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