You signed in with another tab or window. Reload to refresh your session.You signed out in another tab or window. Reload to refresh your session.You switched accounts on another tab or window. Reload to refresh your session.Dismiss alert
Recently, Segmented transaction fees was rolled out to flow. In this model the exeuction effort for various transaction operations is now taken into account in the total effort that Execution Nodes will spend to execute these transactions.
The goal of future work on fees (specifically around Inclusion Fees and Surge Fees) will be looked at next. As a part of this there are some research tasks which will provide inputs into the overall fee model.
This epic will contain a list of these tasks!
The text was updated successfully, but these errors were encountered:
I want to talk about the Flow minted every epoch, Inflation, usage of the network,…. in Depth Currently (note: Flow is awsome, Relationships, investment funds, technology,... But there is some problem in tokenomics)
totalRewards: epochTokenPayout (total amount of tokens that are paid as rewards every epoch)
feeBalance: Number of Flow in gas fee
mintedReward: Mint Flow for Staking/ Deligating Reward
———
Oke, so we can see just 70-100 Flow is used for gas fee and more than 1M Flow Minted Every Week.
As the usage of the network increases, less new tokens will be minted every epoch because fees decrease newly minted tokens for reward payouts.
That’s True But how many transactions reach the Breakeven point?
0.00002 * 50.000.000.000 Transaction = 1000000 Flow
Are 50.000.000.000 Transactions per week is Possible?
And Currently, I don’t see any Flow Demand here. The NFT Projects don’t have to Lock any Token, NFT can purchase via credit, but Did Dapper or other Company Buy Back Flow tokens or Lock/ Burn Tokens?
Ok, the Inflation is around 4-5%, But what is the Demand for Buying Flow tokens?
(I know flow fee can increase due to network traffic, but i want to use fix number to estimate )
Summary
Recently, Segmented transaction fees was rolled out to flow. In this model the exeuction effort for various transaction operations is now taken into account in the total effort that Execution Nodes will spend to execute these transactions.
The goal of future work on fees (specifically around Inclusion Fees and Surge Fees) will be looked at next. As a part of this there are some research tasks which will provide inputs into the overall fee model.
This epic will contain a list of these tasks!
The text was updated successfully, but these errors were encountered: