This article was first published on: OmiseGO Network - Medium --
There have been a lot of questions about staking returns and transaction fees on the OMG network. Unfortunately most of them can’t be answered yet — partly because the network is still in development, but just as importantly because it is not up to us to set the fees. Although we are building the platform, it is you, the stakers and users of the network, who will ultimately determine the actual fees.
OmiseGO’s OMG blockchain decentralized exchange (DEX) will be built into the consensus layer of a Proof of Stake (PoS) blockchain. OMG tokens are required for participating in the network’s consensus and validation process. Stakers will act as validators of the blockchain and, if you choose to stake, you will receive a return from fees that validators charge to network users to cover the cost of validation of transactions (which include trades) carried out over the DEX.
However, there are some common misunderstandings about how fees work in an open, public blockchain, and we want to be very ...
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