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December 02, 2013, 09:44:55 PM |
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From what I understood, is that they are working on a way to minimize transaction fees.
Mostly on a time base from what I understood, aka you need to have your transaction in the next block, you need x fee, you only need it in a block in the next hour, x fee (which is less than the next block fee) if you only need it the next day even less fee. From what I understood of it, they pulled the transactions from the previous couple of weeks, to calculate these. (so this might also result in lower fees for small transactions)
The cost in the block for a transaction of 0.01 btc is just as expensive as 10.000 btc from what I understood. (yea there are more variables I know) Its an x number of bytes that the transaction takes up. This is the cost of the transaction, and for this reason its unfortunately impossible to put a % on transaction fees. (as this would solve the big fees for small transactions)
The last thing to note, is that this would be a good opportunity for a pool server. They could set their transaction fee filters to a % of the transaction, rather than the block size. (sorta mining to keep the network strength up, rather than to be making money, as long as you break even its cool)
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