@wrapper said in [Dev] Release Candidate Feathercoin 0.9.3.2 - Check List:
The level of dust payment / minimum transaction level fee is ridiculously high 1% this seems to be for historical “reasons”, like encouraging high value transactions.
So, for instance, what is the point of having mFTC and uFTC when they pay 1000% fee?
I propose min fee is moved to 0.001 FTC,
The main problem with this is mFTC has 100%fee, when smart contracts come in they might be under priced :
We can enforce a higher fee for smart contracts, i.e they will have 2 parts,
rejestering the contract - 0.01 min : pay a extra fee to speed up.
running the contract : pay a contract fee 0.01 min - pay extra to speed uphttp://bitcoin.stackexchange.com/questions/24869/1-500-transaction-fee-and-3-5-months-to-confirm
The transaction fee is payed to the miners finding a block. The idea behind it is, that after all coins habe been mined, we still need to give miners an intensive to mine, and that there will be a sufficient number of transactions per block, so that the cost of mining is covered.
If we lower the fee, we mFTC and µFtC transactions are not overpaid, but we may face problems with a constantly low hashrate.
