Stability Blog

Zero Fee Transactions on a Public Blockchain

Written by Stability | October 24, 2023

Discover how Stability’s groundbreaking feeless structure transforms the blockchain experience for users, developers, and enterprises alike.

Blockchain technology has shown enormous potential for cost savings and increased security in various industries, yet many are still hesitant due to perceived regulatory uncertainty, integration complexities, and cost volatility. Stability cuts through all that negative sentiment and simplifies the process with zero fee transactions.

Recently, crypto companies have taken significant strides toward creating more user-friendly experiences, including account abstraction, Single Sign-On (SSO) logins and flexibility in token payments. These advances claim to make transactions “free” or “gasless,” but do they truly eliminate the associated risks and costs of cryptocurrencies?

The Problem: The Hidden Costs of “Free”

At a glance, it may appear that the blockchain industry has found ways to make transactions “costless” for users. However, these approaches typically shift the cost to other parties — like the application developers or businesses themselves. Sponsoring transactions on behalf of others is not only economically inefficient but also unsustainable for scalability, a key feature desired in enterprise blockchain solutions. Additionally, these models involve latent currency conversion costs, making them less efficient in the long run.

Beyond the transactional aspect, the initial barrier to entry into the blockchain ecosystem also warrants scrutiny. For a developer or company to deploy on most public blockchains, a fee in the form of cryptocurrency is required. This creates a financial barrier and a regulatory concern that can deter potential innovators from developing on the platform. Read more about this in our article on composability.

While it is true some companies have opted to use private blockchains to avoid the hassle of fees, those permissioned blockchains come with steep setup fees and maintenance requirements, limiting their accessibility for many businesses and individual developers.

The Stability Solution: Save on Costs with Zero Fee Transactions

Stability’s zero fee transactions revolutionize the economics of using blockchain. With zero fees, all parties involved experience genuine cost efficiency — no hidden fees for users, developers, or businesses. This unique feature allows enterprises to implement various monetization models — be it offering completely free services to your users or a subscription-based model. Stability allows developers to deploy without needing to purchase cryptocurrency, thus opening up the ecosystem to a broader pool of innovation and ideas.

Transformative Use Cases

With the removal of complexity and hidden costs, Stability enables unprecedented enterprise blockchain solutions:

  1. Game Development — Creators need no longer be limited to using centralized databases — especially for sensitive customer data — which are expensive to operate and pose liability risk. Stability supports game state storage, user data storage and tracking of in-game assets, easily, securely, and affordably. Beyond the benefit of frictionless SSO login, Stability uniquely offers feeless transactions and composability of in-game assets across games without disrupting the current in-game economies with a token.
  2. AI Integration — Stability turns everyone into a blockchain developer. The possibilities with AI chat bots like ChatGPT or Claude are staggering, but ultimately they are limited in their ability to post content or deploy applications on the internet — until now. Stability’s fee-less design creates a truly permissionless experience for a ChatGPT plugin that enables a user to write and deploy smart contracts to the blockchain with a simple verbal or written prompt.
  3. Customer Loyalty — Stability allows your customer engagement initiatives to innovate and grow exponentially without breaking the bank. Traditional blockchain loyalty campaigns often run into scalability issues, requiring businesses to cover escalating transaction costs as more customers engage. Stability, however, is uniquely positioned to solve this dilemma with its feeless structure, allowing loyalty programs to scale to millions of customers without incurring additional costs. Businesses can easily track and analyze onchain customer interactions across multiple partners and platforms — all while preserving stringent data privacy for users.

The Future is Feeless: The Business Case for Tokenless Blockchains

The history of emerging technologies suggests that user costs will trend toward zero. Early Internet and SMS services had usage costs that have now become negligible. The advent of zero fee transactions on Stability enables entirely new business models, unlocking the potential for innovations that can fundamentally alter industries.

Stability’s ‘One Click Blockchain’ model contrasts with every public blockchain today by enabling every day consumers to use a public blockchain at no cost, while improving upon the benefits of blockchain technology as an enterprise business solution.

Become a Leader in Your Industry

With Stability, you’re not just adapting to the future, you’re creating it. Offering more than just zero fee transactions, Stability provides you with a robust, versatile public blockchain platform. No longer worry about hidden costs or scalability; focus solely on pioneering innovations that drive your business forward into new dimensions of growth and customer satisfaction.