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ZIP 313 changes the default/conventional fee for shielded transactions from 10,000 zats to 1,000 zats zcash/zips#408
To implement this change, clients are recommended to change the default fee from 10,000 to 1,000 zats for shielded transactions.
Activation:
The new default fee of 0.00001 or 1000 zats must start activation at block 1,080,000
With a grace period of ~4 weeks (block 1,120,000) to upgrade to the reduced default transaction fee for zcashd and core clients used by exchanges & service providers.
The implementation to activate the new fee can start anytime from the start to the end of the 4 week transition period outside which the shielded transaction fees will stand out from the updated light client fees of 1000 zats.
The text was updated successfully, but these errors were encountered:
ZIP 313 changes the default/conventional fee for shielded transactions from 10,000 zats to 1,000 zats
zcash/zips#408
To implement this change, clients are recommended to change the default fee from 10,000 to 1,000 zats for shielded transactions.
Activation:
The implementation to activate the new fee can start anytime from the start to the end of the 4 week transition period outside which the shielded transaction fees will stand out from the updated light client fees of 1000 zats.
The text was updated successfully, but these errors were encountered: