Cardano Examines “Stablefees” for Cheaper Crypto Transactions

According to the official IOHK blog, IOHK, the company behind Cardano, is exploring a new mechanism to help make crypto transaction fees fair, stable and more predictable over time. The core idea behind the Stablefees is to set a base price for transactions by pegging them to a basket of commodities or currencies, and the Stablefees include a local “decentralized reserve” contract that issues and manages a basket of pegged stablecoins. Similar to the IMF’s Special Drawing Rights (SDR) mechanism in the real world.