Found this on reddit, is this accurate?
I am worried about their transaction fees:
MINIMAL TRANSACTION FEES
The minimal fees for a transaction are calculated according to the formula:
a + b × size
- a is a special constant, at the moment it is 0.155381 ADA;
- b is a special constant, at the moment it is 0.000043946 ADA/byte;
- size is the size of the transaction in bytes.
That cost, 0.155 ADA is ridiculous. Say someone wants to make an application that’s doing 10,000 TPS… that equates to $140/second without doing any operations (this is $0.09 USD = 1 ADA). Now if ADA was $2.50, it would be $3,800/second.
With these transaction costs, ADA will be worthless very quickly. I am hoping they reduce the transaction cost to 1/100,000th of its current price.