Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Add support for ZIP 313 #10

Open
nighthawk24 opened this issue Nov 6, 2020 · 0 comments
Open

Add support for ZIP 313 #10

nighthawk24 opened this issue Nov 6, 2020 · 0 comments

Comments

@nighthawk24
Copy link

nighthawk24 commented Nov 6, 2020

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.

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Labels
None yet
Projects
None yet
Development

No branches or pull requests

1 participant