Generally speaking, the public blockchain is composed of multiple server nodes running the same blockchain software. Unlike centralized Internet operators, blockchain nodes are provided by different operators from around the world, and they provide the infrastructure for the blockchain, such as computing power and storage space.
From the perspective of economy and security, users and developers need to pay certain fees when using blockchain to maintain the availability and security of the blockchain network. However, the blockchain does not have a unified specification, they need to follow their resource consumption methods when using different blockchains.
MYKEY Lab hides the complicated resource system to lower the use threshold, users only need to understand the network fee: the cost required each time they use blockchain.
The network fee is a billing unit in MYKEY. When transferring, using applications, or managing accounts, as long as transactions are sent to the blockchain, fees will be calculated and deducted from users' network fee balance. The network fee consumption is subject to the actual cost of the blockchain.