[RFC-0007] Round Transaction Fees Up To 0.001

peerchemist · May 16, 2018, 10:36am

peercoin/rfcs/blob/master/text/0007-round-transaction-fees-up-to-0.001/0007-round-transaction-fees-up-to-0.001.md

# Round Transaction Fees Up To 0.001

- Status: proposed
- Type: enhancement
- Related components: `protocol`
- Start Date: 16-May-2018
- Discussion: (fill me in with link to RFC discussion - shepherd will complete this)
- Supersedes: (fill me in with a link to RFC this supersedes - if applicable)
- Superseded by: (fill me in with a link to RFC this is superseded by - if applicable)
- Author: backpacker69

## Summary

Currently transaction fees are rounded up to nearest 1 hundredth of PPC and any small transaction under 1024 bytes must pay at least 0.01 PPC to be included in the block. Transaction of 1025 bytes must pay at least 0.02 PPC to be considered, etc.

It is proposed to have fee rounding changed in such way that all transactions will pay exact proportional to size fee for the right to be included in the block, at unchanged rate of 0.01 PPC per kilobyte, with 0.001 PPC minimum.

Effectively, transactions up to 102 bytes will pay minimal fee of 0.001 PPC. Transactions of bigger size will pay unrounded fee proportional to their byte size.

## Conventions

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nohea · May 16, 2018, 1:57pm

FYI: prior talk discussion here:

peerchemist · November 5, 2018, 5:02pm

Discussion:

Status: accepted