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peercoin / rfcs

Request for Comment (RFC) papers and discussions on Peercoin core applications, libraries and API's
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#0010 MIN_FEE As Standardness Rule #16

Closed backpacker69 closed 5 years ago

backpacker69 commented 5 years ago

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.

peerchemist commented 5 years ago

@sigmike opinions?

peerchemist commented 5 years ago

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.