"Zero Transaction Fees"???
Are you refunding the bitcoin transaction fees that are builtin to the protocol[1]? If you are going to eat that cost you should say so, it seems like a good marketing point.
Are you refunding the bitcoin transaction fees that are builtin to the protocol[1]? If you are going to eat that cost you should say so, it seems like a good marketing point.
Currently, if you do not include a transaction fee, your transaction will get confirmed, but the first confirmation could take longer for a miner to pick it up - but it is very likely to still get confirmed.
As transactions per second increase and load is placed on the memory pool, those fee-less transactions may get lost and need to be resubmitted.
Accept a transaction for inclusion in a block: 0.0005 BTC
Relay a transaction to other Bitcoin hosts: 0.0001 BTC
A transaction can be sent without fees if both of these conditions are met:
It is smaller than 10 (SI) kilobytes (10.000 bytes).
All outputs are 0.01 BTC or larger."[1]
Put another way as bitcoin grows fee-less transactions will become rare...
How many other viable bitcoin clients are there? And what do you think the likelihood of you fee-less transaction being accepted despite a flood of fee paying transactions?
Edit: electrum can be fully run offline as in you can monitor your balance without a network connection AND you can write transactions that can then be injected into the blockchain by a networked connection. But the electrum client at no time needs to be connected to the network.
Additionally, a networked computer can contain a deseeded wallet (no keys) for securely monitoring your off-line balances.
[Assuming that point to point transactions that aren't doing complicated contract logic are always less than 10kB.]