Fee Increase 100X Proposal

[leonp]

Hey guys, thanks for feedback.

@Andy

1. With a 100x change we will be hitting the 10million gas per block alot and this will stunt throughput we will only be able to have ~6-7 transaction per block.

The gas price change should not effect the block gas limit. The block gas limit now is 10M, with the current gas price of 1 gwei, the reward for full block is 0.01 Fuse. With the suggested price the reward will be 1 Fuse. Giving this just as an example, we are far from full blocks now.
You can see my (rough) calculations of the effects of this change here. The 100x fee is still gonna be pretty small in most of the scenarios. Unless the case that blocks are getting full, and that’s good problems…

@Andy

2. Getting nodes owners to update their nodes can be difficult we still have some running on versions which are 11 months out of date

Agree, we would have to make an effort on that. And prepare tho with beforehand by improving communications. And we already started working on this

@Andy

Also one more point should we not make the gas price vote able and not freely available to Validators doesn’t this open up an exploit. Spin up a load of nodes set the price to be 100000x what it is now and stunt throughput because no transactions can get through?

Yeah, basically it was always possible… With the design of Fuse as DPOS and the parity configurations. But I don’t see too much incentive doing such an attack.

@RB_1010

I think it’s important to consider users of the network and consult with them, and ensure any changes to tx fees do not push current users away to other networks, or restrict new products and users for joining Fusenet.

Agree, on that. As soon that we come to a decision, we will give a large time window for all the applications and contracts running on Fuse to adapt. We will need to adjust our applications too