Doc: proto_003 add section on fees and cost model
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@ -95,6 +95,99 @@ hardware key or a remote-signer with a high water-mark, you may
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consider waiting until the target block height to shut down the old
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consider waiting until the target block height to shut down the old
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process and start the new one.)
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process and start the new one.)
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More details on fees and cost model
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-----------------------------------
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Protocol:
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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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Every manager operation now costs ``10000`` in gas, a transaction that
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creates a contract has a default cost of ``10100`` in gas.
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Example:
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::
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Reveal:
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Consumed gas: 10000
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Consumed storage: 0 bytes
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Transaction (when the target tz{1,2.3} is empty).
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Consumed gas: 10100
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Consumed storage: 277 bytes
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Transaction (when the target tz{1,2.3} is not empty).
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Consumed gas: 10000
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Consumed storage: 0 bytes
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Baker
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~~~~~
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With newly introduced default settings, the bakers daemon will now
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require a minimal amount of fees per operation to accept manager
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operations such as transactions, revelations or originations.
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The expected amount depends on the operation sent. When considering
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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 expected fees are computed using this formula:
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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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Where the size is the number of bytes of the complete serialized
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operation, i.e. including header and signature.
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When sending multiple transactions at once (i.e. packed operations),
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the baker will require the summed fees of all the operations to match
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the summed gas of all the operations and the total size of the packed
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operations, still including header and signature.
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By default:
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::
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minimal_fees = ꜩ0.000 1
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minimal_nanotez_per_gas_unit = ꜩ0.000 000 1
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minimal_nanotez_per_byte = ꜩ0.000 001
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For instance, a single transaction to an existing tz1 will require
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`ꜩ0.001 273` to be included.
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These settings may be changed by giving the options when starting a
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baker (``--minimal-fees <amount in tez>``,
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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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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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distribution. The safest way to send rewards is now to include the
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corresponding fees.
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Node
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~~~~
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The node now 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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formula with the default values it is rejected and not included in the
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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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call:
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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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The constants used by the node and the baker are not necessarily equal.
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Still, 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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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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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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operations.
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FAQ
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FAQ
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---
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---
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