What is the role of gateway royalty in the cryptocurrency industry?

1 answers

• Armand ShemaSep 01, 2021 · 4 years ago
  In the cryptocurrency industry, gateway royalty refers to the fees paid by exchanges to the gateways for their services. Gateways act as intermediaries between exchanges and the blockchain networks, ensuring that transactions are processed efficiently and securely. The role of gateway royalty is twofold. Firstly, it helps cover the costs associated with maintaining the gateway infrastructure, including servers, security measures, and technical support. Secondly, it incentivizes gateways to provide reliable and high-quality services to exchanges. By charging a royalty fee, gateways can invest in improving their infrastructure and enhancing security measures, which ultimately benefits the users and the overall ecosystem. It's important to note that gateway royalty varies among different gateways and exchanges, and it's essential for exchanges to choose reputable gateways that prioritize security and efficiency.
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