ARCHITECTURE
Fee Market
An overview of how transaction fees are handled and optimized within the network.
The costs of executing web transactions on the network are dynamic to reflect the supply and demand of resources at the point of execution.
The gas fees consumed by requests on the network is denoted as G and the parameters are as follows:
❃ g: Geography of the target node.
❃ r: Reputation of the target node.
❃ t: Traffic type.
❃ b: Bandwidth consumed.
❃ c: Network congestion factor.
The gas fee formula is:
Where kg, kr, kt, kb and kc are coefficients that determine the impact of each parameter on the gas fee.
The weights applied to each parameter are dynamic and will adjust according to network usage.