Hi everybody, I am new to Algorand and I am just starting to learn about it. So far I read that Algorand allows for very small transaction fees around 0.001 algo. I was wondering: in the event of a solid increase in value of the algo token, wouldn’t 0.001 algo be a lot? If tomorrow 1 algo sells for 1k$ we would have 1$ fee per transaction.
In other words, is the cost of transaction priced actually in algo, or in its equivlent in fiat money? There is something I miss probabily.
Thank you in advance to anybody willing to answer