An update on Babel Fees is just out, one of the improvements which will be coming to Cardano in the not too distant future. Babel Fees are a novel mechanism that allows the payment of transaction fees in user-defined tokens on Cardano.
In this video Polina Vinogradova, IOG’s research engineer walks us through an overview of Babel Fees and what this new feature promises.
This is a truly novel capability that has potential to give Cardano a serious competitive advantage against rival blockchains. We will share more news as it becomes available.