5
votes
What happens to fees when Cardano's chain reaches 1509GB data?
The fees are based on the size of the transactions and have nothing to do with the blockchain size. I think the same applies to Etherum.
About when we will see the size of the blockchain depends on ...
- 7,269
5
votes
Accepted
Can Babel fees be extended to be a protocol level DEX?
I think you may want to consider reversing the order here. The intent behind babel fees from my understanding is to leverage future conversion guarantees, DEXes, and other avenues for guaranteeing ...
- 351
4
votes
"min-ada" bottleneck to Cardano analogous to "gas fee congestion" for Ethereum?
No, it would not be a bottleneck if Cardano implements babel fees that will enable you to pay (actually arbitrage) your fees in different tokens.
That being said, to keep a decentralized network ...
- 7,269
3
votes
Calculate tx fees via Blockfrost or any other provider?
Transaction fees are computed based on two factors: size of the transactions, and required resources (memory and CPU steps).
As Melroy van den Berg mentioned, transaction size increases the fee ...
- 76
3
votes
What is precise calculation algorithm for native asset fees?
There is documentation to calculate the minimum ADA value for a tx output however it is not only out of date(e.g. coinSize has since increased to 2, asset names now hex-encoded instead of ASCII chars),...
- 431
3
votes
Accepted
Protocol parameters file to calculate min fee
Generating a new protocol parameters file just dumps the node's current parameters into a JSON format. Since the parameters are not constantly changing, generating a new params file each time is not ...
- 3,639
3
votes
Accepted
Calculation of transaction fees
Calculation procedure is here: Cardano fee structure
The formula for calculating minimal fees for a transaction (tx) is a * size(tx) + b, where:
a/b are protocol parameters
size(tx) is the ...
- 1,754
3
votes
What happens to fees when Cardano's chain reaches 1509GB data?
The transaction fee for Ethereum does not rely on the size of the blockchain, but how many transactions there are in a given time. Like I understand it Ethereum uses an auction model for transaction ...
2
votes
Will the variables of the gas calculation formula be able to be dynamically adjusted by the protocol on Cardano?
Protocol parameters do not require a hard fork. They require a governance model to submit an update proposal that changes the parameters, but they do not increase the protocol version like era ...
- 2,677
2
votes
How to calculate fees for Plutus Smart Contract?
You can now use fee estimator at https://testnets.cardano.org/en/testnets/cardano/tools/plutus-fee-estimator/
- 146
2
votes
Accepted
How to estimate execution steps and memory units for a Plutus script?
Looks like Ogmios just released a new feature that solves this exact problem. Basically, users can now evaluate a transaction through Ogmios's API EvaluateTx and get accurate execution steps and ...
- 403
2
votes
Is the stake pool fixed fee cost once per epoch or per every block won?
The fixed fee and percentage fee are calculated once per epoch if the pool mints at least one block.
These fees are taken out of the total rewards amount that the pool earned that epoch, and the ...
2
votes
Accepted
Higher than needed transaction fees
Yes, as long as the all inputs match the outputs (minus the fee), and the fee is equal to or greater than the minimum fee as per the protocol parameters, it should be a valid transaction.
- 3,639
1
vote
Accepted
Maximum transaction fees possible & maximum ada needed for collateral as per current protocol parameters
Your formula is correct if no Plutus script is executed in the transaction. If a Plutus script validates the transaction, then one needs to add the cost of the most costly possible Plutus script. Here ...
- 326
1
vote
Accepted
Djed for transaction fees
That's not true. For the security of the system, the fees needs to be paid in ADA.
You might use Djed as a way to pay for the fees with babel fees but that is several years away, if it ever gets ...
- 7,269
1
vote
submitting transaction FeeTooSmallUTxO
If you want to send everything in a wallet the new way that calculates the fee and adds ttl you can query for all the utxo's in the wallet.
cardano-cli query utxo \
--address $(cat payment.addr) \
--...
- 126
1
vote
submitting transaction FeeTooSmallUTxO
You should be able to create a transaction draft where you should specify a fee of 200000 lovelace (to have the same transaction size as the final transaction), then estimate the fees, and create the ...
- 1,220
1
vote
Accepted
Error while decoding the protocol parameters
You're using the genesis file instead of the protocol-params-file.
Try using the protocol-params. You can get it using this command:
cardano-cli query protocol-parameters --testnet-magic 1097911063 &...
- 1,754
1
vote
What is the minting cost of an NFT?
All fees on Cardano are deterministic, so you'll always know the cost of the tx before you submit it. NFTs usually have metadata, depending on the amount of metadata included in the NFT will be ...
- 784
1
vote
How will stake pools be prevented from cheating the fixed fee?
There is no benefit to any SPO to try and put transactions into the blocks they create. All transaction fees are aggregated at the end of the epoch then distributed proportionally to SPOs based on ...
- 327
1
vote
Accepted
How will stake pools be prevented from cheating the fixed fee?
The reward for Stake Pool Operator (SPO) depends upon three factors :-
Amount of ADA Pledged by the SPO
Deligation from other wallets
Percentage he sets while registering the pool.
The reward is ...
- 1,834
1
vote
When will fees be finalized on the Alonzo testnet to reflect mainnet experience? Will it be on Sep 1?
It is not confirmed yet, but that is the plan.
- 7,269
1
vote
Price regulation of the ADA token
Leaving aside the fact that ADA is exactly as hard as bitcoin, that is, it's hard capped, just happens to be a lot more of them. In a single word: utility. As all business enterprises adoption creates ...
- 325
1
vote
Will Cardano's transaction fees be expensive (similar to ETH gas) in the future?
My answer is no. And there are two reasons.
Cardano is a PoS protocol. Therefore, users don't pay for electricity cost. In a PoW system, miners need to solve computational questions to be able to ...
- 51
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