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kinecosystem / technology

General repository for technology proposals related to the Kin Ecosystem.
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Solana - fees? #2

Closed showered closed 4 years ago

showered commented 4 years ago

Hi @kikengineering

Your proposal looks excellent and exciting!

I noticed that there was no mention of fees on Solana.

Do you have any insight on this?

As a developer I don't really care much about whitelisting if the fees are tiny (like on Stellar). But it's critical, in my opinion, that Users don't pay fees. Perhaps there could be a similar process whereby the User creates the tx, and then the App signs it and pays for it?

NeonGameStudios commented 4 years ago

Transaction fees are not an issue, according to Solana.

At the current state it costs $0.00001 for over 1 million transactions.

skyf0xx commented 4 years ago

@NeonGameStudios - More accurately, fees are $0.00001 per transaction, from their homepage. I think the idea is, if Kin transactions are in the range of $0.01 - then the fees are 'negligible'.

You would probably need to keep the client supplied with solana sols to pay gas - so that all Kin transactions are 'free'. I imagine the client could query the server for more sols when it's about to run out.

NeonGameStudios commented 4 years ago

@hitwill You are correct that there is a discrepancy between what they posted and their website. It seems impossible that 1 million transactions are so cheap... but it would make Kin future proof for many years hopefully!