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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
Title: Proportional Output Fee Mechanism (POFM)
Owners: Aditya Bharadwaj <nighthawk24@gmail.com>
Credits: Madars Vizra, Kris Nuttycombe
Credits: Madars Virza, Kris Nuttycombe
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
Created: 2022-08-15
License: MIT
@ -67,7 +67,7 @@ Requirements for consensus
Wallet developers must update the fees to the proposed formula by Madars and
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
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
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.
@ -185,7 +185,7 @@ The developers of the following wallets intend to implement the updated fee mech
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.
.. [#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>`_