editing language, units
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@ -101,10 +101,11 @@ More details on fees and cost model
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Protocol:
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Protocol:
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~~~~~~~~~
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~~~~~~~~~
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The creation of a tz{1,2,3} address now requires a burn of `ꜩ0.257`.
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The creation of a new tz{1,2,3} address now requires a burn of `ꜩ0.257`,
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in-line with the creation of KT account.
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Every manager operation now costs ``10000`` in gas, a transaction that
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Every manager operation now costs at least ``10000`` in gas,
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creates a contract has a default cost of ``10100`` in gas.
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a transaction that creates an address has a default cost of ``10100`` in gas.
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Example:
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Example:
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::
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::
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@ -125,12 +126,16 @@ Example:
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Baker
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Baker
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~~~~~
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~~~~~
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With newly introduced default settings, the bakers daemon will now
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The baker and mempool filters now require a minimal fee to propagate
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require a minimal amount of fees per operation to accept manager
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and include operations into blocks. This default is not set at the
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operations such as transactions, revelations or originations.
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protocol level but rather in the configuration of the node and the baker.
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The expected amount depends on the operation sent. When considering
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Bakers can thus decide of the settings that work best for them
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the injection of an operation in a block, the baker will check its
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size and gas and reject it if the associated fees are too low.
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The minimal fee depends on the operation sent (transaction, origination,
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revelation, etc)
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When considering the injection of an operation in a block, the
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baker will check its size and gas and reject it if the associated fees are too low.
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The expected fees are computed using this formula:
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The expected fees are computed using this formula:
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::
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::
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fees >= (minimal_fees + minimal_nanotez_per_byte * size + minimal_nanotez_per_gas_unit * gas)
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fees >= (minimal_fees + minimal_nanotez_per_byte * size + minimal_nanotez_per_gas_unit * gas)
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@ -144,46 +149,43 @@ operations, still including header and signature.
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By default:
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By default:
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::
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::
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minimal_fees = ꜩ0.000 1
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minimal_fees = 0.0001 ꜩ (100 µꜩ)
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minimal_nanotez_per_gas_unit = ꜩ0.000 000 1
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minimal_nanotez_per_gas_unit = 100 nꜩ/gu (0.0000001 ꜩ/gu)
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minimal_nanotez_per_byte = ꜩ0.000 001
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minimal_nanotez_per_byte = 1000 nꜩ/B (0.000001 ꜩ/B)
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For instance, a single transaction to an existing tz1 will require
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For instance, a single transaction to an existing implict address
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`ꜩ0.001 273` to be included.
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will require a transaction fee of at least `0.001273 ꜩ`
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to be included by bakers who choose to follow the default settings.
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These settings may be changed by giving the options when starting a
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These settings may be changed by passing the following flags to the baker
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baker (``--minimal-fees <amount in tez>``,
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(``--minimal-fees <amount in tez>``,
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``--minimal-nanotez-per-gas-unit <amount in nanotez>``,
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``--minimal-nanotez-per-gas-unit <amount in nanotez>``,
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``--minimal-nanotez-per-byte <amount in nanotez>``).
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``--minimal-nanotez-per-byte <amount in nanotez>``).
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Note that most bakers, such as the tezos foundation's ones, may use
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the default options and sending operations that does not respect the
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default limits are not expected to be included in blocks.
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These changes are especially important to delegates for rewards
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Delegates distributing rewards should be aware of these thresholds
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distribution. The safest way to send rewards is now to include the
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for their transactions to be succesfully included.
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corresponding fees.
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Node
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Node
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~~~~
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~~~~
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The node now filters operations following the same principles as
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The node also filters operations following the same principles as
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above. If an operation doesn't have enough fees to cover the above
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above. If an operation does not carry sufficient fees, a node
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formula with the default values it is rejected and not included in the
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following the default setting will not include it in its mempool.
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mempool. Hence an operation without fee won't even propagate through
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mempool. Hence an operation without fee won't even propagate through
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the network. The constant might be changed with the following RPC
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the network. The constant can be changed with the following RPC
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call:
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call:
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::
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::
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./tezos-client rpc post /chains/main/mempool/filter with '{ "minimal_fees": "0", "minimal_nanotez_per_gas_unit": "0", "minimal_nanotez_per_byte": "0" }'
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./tezos-client rpc post /chains/main/mempool/filter with '{ "minimal_fees": "0", "minimal_nanotez_per_gas_unit": "0", "minimal_nanotez_per_byte": "0" }'
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The constants used by the node and the baker are not necessarily equal.
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The constants used by the node and the baker do not need to be equal,
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Still, the node needs to be less restrictive than the baker, otherwise
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but the node needs to be less restrictive than the baker, otherwise
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the baker won't even see the operations.
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the baker won't even see the operations.
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An injection node (i.e. a specific node targeted by wallet for
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An injection node (i.e. a specific node targeted by wallet for
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injection operation) might deactivate the filter (by using the
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injection operation) might deactivate the filter (by using the
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previous RPC call), in order to accept any operation and give them a
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previous RPC call) in order to accept any operation and give them a
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chance to be propagated to a baker that is willing to accept fee-less
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chance to be propagated to a baker that is willing to accept fee-less
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operations.
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operations.
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