In the QBundle Burstcoin Wallet, why is a fee of 1 BURST required to set the account info?

The QBundle Burstcoin Wallet (v2.0.4, installed to Windows 10) requires a fee of 1 BURST to set the Name, Description, and Passphrase for the wallet.

Admittedly, the fee is very low (worth about 2.5 cents at the moment), but why is a fee required? Who receives it?

Highly Irregular

Posted 2018-04-30T09:11:20.050

Reputation: 10 514

Are you referring to the online wallet or, the packaged windows launcher version? – Willtech – 2018-04-30T09:32:02.220

@Willtech The Windows version – Highly Irregular – 2018-04-30T09:41:57.503

Answers

You are claiming an address on the blockchain. The fee makes sure no one will (try to) claim all addresses on the network.

Curb

Posted 2018-04-30T09:11:20.050

Reputation: 36

Does the fee just go to the miners? – Highly Irregular – 2018-06-18T03:43:20.687

sorry for the delay but yes. the fee goes to the miner of the block – Curb – 2018-07-13T00:20:31.690

I can only speculate that it is a means for the developers of the wallet to draw a profit without having to actually sell the wallet software.

Willtech

Posted 2018-04-30T09:11:20.050

Reputation: 2 657