XPM, mXPM, uXPM

Marketplace Primecoin
1

I can send the following types of XPM: XPM, mXPM, uXPM

I have no idea what mXPM and uXPM are.

2

[quote=“LifeDies, post:1, topic:2865”]I can send the following types of XPM: XPM, mXPM, uXPM

I have no idea what mXPM and uXPM are.[/quote]

It’s a division of XPM.

m = milli = 0,001 XPM
µ = micro = 0,000001 XPM

3

The wallet I have will not let me sent a uXPM without a .01 XPM fee. Why does it cost so much to send through the network?

4

To avoid spam transactions and blockchain bloating. 0.01 XPM = 0.002 USD at current rates. So much, really?

5

Then why even have mXPM or uXPM?

6

Futureproofing in case the price of XPM follow that of Bitcoin 8)
It is probably just legacy from the original Bitcoin client, don’t think too much of it.

7

So in the future, when it’s worth 1000, and I want to send 10 bucks, it’s going to cost me 10.

8

Correct, but I suspect that by that time the fees will be adjusted and if not it would only be used for large payments.

9

Similar calculations apply to bitcoin at the moment, but with smaller figures.
BTC core developers announced dynamic fees. Something XPM could implement aswell.