Fee market
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X @Nick Szabo
Nick Szabo· 2025-10-02 22:25
RT JJS (@JJS36038159)Agreed.It doesn’t fix the broadcast problem and mostly signals tolerance for non-monetary data, which weakens the monetary focus.So, you and Adam are considering the Type 3 “Prunable Lanes” approach, then.A system with an incentive signal that guides data into a format that can be pruned, combined with each node’s individual choice about what to store.Prunable lanes = an economic routing system.Pruning mechanism = a technical deletion method.Layer 0: Accept constraints.Individual nodes ...
X @CoinDesk
CoinDesk· 2025-09-06 23:53
RT CoinDesk Podcast Network (@CoinDeskPodcast)🎧Catch the latest episode of 'Filters Are Futile,' in partnership with @blockspacepod!“Bitcoin’s fee market decides what gets in, not moral judgments.”Filters don’t work and trying to filter is a fool’s errand.Notes:Block size capped ~4 MB (~250 GB/yr)$600 M+ spent on ordinal feesKnots rose from 5 % to 18 %30/25 000 nodes filtered in early test100 % filtered nodes still ineffectiveFee market drives transaction inclusion@cbspears @asilayhodling @btcszn2 ...
X @Starknet
Starknet 🐺🐱· 2025-09-01 11:07
Decentralization & Scalability - Starknet's Grinta upgrade on Mainnet marks a major step towards decentralization by introducing 3 sequencers operating in rotation using Tendermint consensus [1][2] - The architecture is now prepared for progressive decentralization of sequencing, although currently operated by StarkWare [2] - Grinta introduces a mempool system, allowing apps to send multiple nonces in parallel, boosting scalability [2] User Experience & Transaction Processing - Pre-confirmations provide near-instant feedback (~0.5 seconds latency), giving users immediate confirmation of transactions [2] - Block time has been reduced by 7x, significantly improving Starknet's speed and responsiveness [5] Fee Structure & Transaction Standards - Starknet now employs a modern fee model inspired by EIP-1559, including base fees and tips across L1 gas, L2 gas, and L1 data gas [2] - Base fees adjust with congestion, with fees expected to remain below 3 gFRI per L2 gas, ensuring subcent usage for most transactions [2] - Only v3 transactions are supported, with STRK as the default gas token, while Paymasters (like AVNU) enable fee payments in other tokens [3] - SNIP-29 introduces a standardized Paymaster API, facilitating seamless integration for fee payments in tokens other than STRK [3] Transaction Management - Transactions are prioritized based on added tips and can be replaced if conditions change [4] - Old or stale transactions are automatically cleared, preventing fragmentation [4]