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Add credits. 

Remove specification from Motivation section.
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nighthawk24 2022-08-18 16:40:02 -04:00
parent 0628577cbc
commit b7eed2545c
1 changed files with 4 additions and 5 deletions
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zip-proportional-output-fee-mechanism-pofm.rst
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@ -5,6 +5,8 @@
Owners: Aditya Bharadwaj <nighthawk24@gmail.com>
Credits: Madars Virza
Kris Nuttycombe
Daira Hopwood
Jack Grigg
Status: Draft
Category: Wallet
Created: 2022-08-15
@ -54,7 +56,6 @@ Motivation
In light of recent network activity, it is time to review and update the
standard 1,000 zatoshi transaction fees set in ZIP 313 [#zip-0313]_.
The conventional transaction fee presently is 0.00001 ZEC or 1,000 zats per
ZIP 313, that allowed exploration of novel use cases of the Zcash blockchain.
The Zcash network has operated for almost 2 years of 1,000 zats fee per shielded
@ -66,10 +67,8 @@ transactions with 2 outputs.
Requirements for gathering consensus
------------------------------------
Wallet developers SHOULD update the fees to the proposed formula by Madars and
Kris Nuttycombe [#madars-1]_
min_fee = base_fee * max(1, #inputs + #outputs - 3)
Wallet developers SHOULD update the fees to the proposed formula under Specification section
by Madars Virza and Kris Nuttycombe [#madars-1]_
Where #inputs and #outputs also take into account transparent inputs and outputs.
Otherwise, the fee structure (if not otherwise changed) will preferentially encourage