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Update fee formula. 

Fix name spelling.
This commit is contained in:
nighthawk24 2022-08-15 17:49:52 -04:00
parent 400eebe87b
commit b59960268c
1 changed files with 5 additions and 5 deletions
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zip-proportional-output-fee-mechanism-pofm.rst
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@ -3,9 +3,9 @@
ZIP: XXX ZIP: XXX
Title: Proportional Output Fee Mechanism (POFM) Title: Proportional Output Fee Mechanism (POFM)
Owners: Aditya Bharadwaj <nighthawk24@gmail.com> Owners: Aditya Bharadwaj <nighthawk24@gmail.com>
Credits: Madars Vizra, Kris Nuttycombe Credits: Madars Virza, Kris Nuttycombe
Status: Draft Status: Draft
Community Status: Request for comments : Community Status: Request for comments : https://forum.zcashcommunity.com/t/zip-proportional-output-fee-mechanism-pofm/42808
Category: Wallet Category: Wallet
Created: 2022-08-15 Created: 2022-08-15
License: MIT License: MIT
@ -67,7 +67,7 @@ Requirements for consensus
Wallet developers must update the fees to the proposed formula by Madars and Wallet developers must update the fees to the proposed formula by Madars and
Kris Nuttycomb [#madars-1]_ Kris Nuttycomb [#madars-1]_
min_fee = 0.00001 + 0.00001 * max(0, #nullifiers + #shielded outputs - 4) min_fee = base_fee * max(0, #inputs + #outputs - 4)
The change to the conventional transaction fees must be undertaken soon The change to the conventional transaction fees must be undertaken soon
as the Zcash network has been under heavy load with high-output transactions while as the Zcash network has been under heavy load with high-output transactions while
@ -149,7 +149,7 @@ Specification
============= =============
Wallets implementing this specification will use a conventional fee in the form of Wallets implementing this specification will use a conventional fee in the form of
min_fee = 0.00001 + 0.00001 * max(0, #nullifiers + #shielded outputs - 4) min_fee = base_fee * max(0, #inputs + #outputs - 4)
starting from block 180,000. starting from block 180,000.
@ -185,7 +185,7 @@ The developers of the following wallets intend to implement the updated fee mech
Acknowledgements Acknowledgements
================ ================
Thanks to Madars Vizra for suggesting the fee mechanism. And Kris Nuttycombe to Thanks to Madars Virza for suggesting the fee mechanism. And Kris Nuttycombe to
suggest optimization. suggest optimization.
.. [#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>`_ .. [#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>`_