Does that mean the minimum transaction fee is 0.01MOB? If so it’s horrible.
The fee on the testnet will start out as a static number and will have a fee controller that tunes it over time to manage network congestion. Basically, if the network is uncongested we want the fees to be as low as possible. If the network is congested, we want to clear the maximum number of transactions per second until congestion subsides.
Eventually all fees on the network will be determined algorithmically by demand. For now it’s just a number we picked.
Does that make sense?
Thx. So much to my relief.
BTW,could you please brief us about how’s THE FOG going? because the ledger is too big/fast to sync.
Fog is coming :).
Glad to see the BetaNet verson has been pre-releasing since 3rd Sep. . Does the BetaNet include the Fog?
Is it still too early for us to expect the MainNet Launching?
More news to come ASAP ;).