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