You signed in with another tab or window. Reload to refresh your session.You signed out in another tab or window. Reload to refresh your session.You switched accounts on another tab or window. Reload to refresh your session.Dismiss alert
Peercoin economic model is set around hardcoded transaction fee which is transaction size in kB * 0.01 Peercoin / kB, however it starts from 0.01 Peercoin which is lowest possible fee. This rule (MIN_FEE) is protocol level rule and changing it requires network to execute hard fork and set new set of rules. Making this rule a standardness rule which defines whether transaction gets relayed or not allows for easier tweaking of the rule and removes the need for network hardforks.
It is proposed to make MIN_FEE variable a standardness rule, which defines whether transactions gets relayed, and not a hardcoded protocol rule.
The text was updated successfully, but these errors were encountered:
The question is whether to simply set the MINFEE to 0.001 Peercoin and call it a day. Or do it via standardness rule. Having it as standardness may lead to minters/miners attaching super low fee transactions to the blockchain though.
Peercoin economic model is set around hardcoded transaction fee which is transaction size in kB * 0.01 Peercoin / kB, however it starts from 0.01 Peercoin which is lowest possible fee. This rule (MIN_FEE) is protocol level rule and changing it requires network to execute hard fork and set new set of rules. Making this rule a standardness rule which defines whether transaction gets relayed or not allows for easier tweaking of the rule and removes the need for network hardforks.
It is proposed to make MIN_FEE variable a standardness rule, which defines whether transactions gets relayed, and not a hardcoded protocol rule.
The text was updated successfully, but these errors were encountered: