mirror of https://github.com/zcash/zips.git
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@ -3,9 +3,9 @@
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ZIP: XXX
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ZIP: XXX
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Title: Proportional Output Fee Mechanism (POFM)
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Title: Proportional Output Fee Mechanism (POFM)
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Owners: Aditya Bharadwaj <nighthawk24@gmail.com>
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Owners: Aditya Bharadwaj <nighthawk24@gmail.com>
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Credits: Madars Vizra, Kris Nuttycombe
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Credits: Madars Virza, Kris Nuttycombe
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Status: Draft
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Status: Draft
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Community Status: Request for comments :
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Community Status: Request for comments : https://forum.zcashcommunity.com/t/zip-proportional-output-fee-mechanism-pofm/42808
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Category: Wallet
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Category: Wallet
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Created: 2022-08-15
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Created: 2022-08-15
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License: MIT
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License: MIT
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@ -67,7 +67,7 @@ Requirements for consensus
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Wallet developers must update the fees to the proposed formula by Madars and
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Wallet developers must update the fees to the proposed formula by Madars and
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Kris Nuttycomb [#madars-1]_
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Kris Nuttycomb [#madars-1]_
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min_fee = 0.00001 + 0.00001 * max(0, #nullifiers + #shielded outputs - 4)
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min_fee = base_fee * max(0, #inputs + #outputs - 4)
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The change to the conventional transaction fees must be undertaken soon
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The change to the conventional transaction fees must be undertaken soon
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as the Zcash network has been under heavy load with high-output transactions while
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as the Zcash network has been under heavy load with high-output transactions while
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@ -149,7 +149,7 @@ Specification
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=============
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=============
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Wallets implementing this specification will use a conventional fee in the form of
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Wallets implementing this specification will use a conventional fee in the form of
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min_fee = 0.00001 + 0.00001 * max(0, #nullifiers + #shielded outputs - 4)
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min_fee = base_fee * max(0, #inputs + #outputs - 4)
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starting from block 180,000.
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starting from block 180,000.
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@ -185,7 +185,7 @@ The developers of the following wallets intend to implement the updated fee mech
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Acknowledgements
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Acknowledgements
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================
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================
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Thanks to Madars Vizra for suggesting the fee mechanism. And Kris Nuttycombe to
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Thanks to Madars Virza for suggesting the fee mechanism. And Kris Nuttycombe to
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suggest optimization.
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suggest optimization.
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.. [#madars-1] `Madars concrete soft-fork proposal <https://forum.zcashcommunity.com/t/zip-reduce-default-shielded-transaction-fee-to-1000-zats/37566/89?u=aiyadt>`_
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.. [#madars-1] `Madars concrete soft-fork proposal <https://forum.zcashcommunity.com/t/zip-reduce-default-shielded-transaction-fee-to-1000-zats/37566/89?u=aiyadt>`_
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