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Free to readTelegram GRAM - Instant. But Not Fee-Free.
Telegram is launching a crypto wallet for a billion users this summer. Durov promises fee-free transactions. On the protocol level, these fees still exist — someone else is just paying them. Who that is, for how long, and what happens when they stop is not stated anywhere. An examination of the announcement, a look at the history behind it, and the question of what architecture a payment network needs when machines are the ones paying.
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