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qort_model [2019/10/07 15:33]
crowetic
qort_model [2019/10/07 15:34] (current)
crowetic
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 Another modification from the original document, is that regarding transaction fees. Initially we had wanted to build the system without transaction fees and instead utilize a PoW algo for each transaction. However, during the build process, we realized that the amount of verification needed by the network in such a system, may cause the system overall to slow down, potentially even require the block times to be increased. ​ Another modification from the original document, is that regarding transaction fees. Initially we had wanted to build the system without transaction fees and instead utilize a PoW algo for each transaction. However, during the build process, we realized that the amount of verification needed by the network in such a system, may cause the system overall to slow down, potentially even require the block times to be increased. ​
  
-**Therefore,​ we have decided, at least initially, to use the '​traditional'​ method of most chains, in utilizing a transaction fee.** ​+**Therefore,​ we have decided, at least initially, to use the '​traditional'​ method of most chains, in utilizing a transaction fee. UPDATE - we are still debating this aspect as well. Final decision will be posted when made.** 
  
 The fee will be set very low, and should not make any real noticeable difference in the rest of the plans for the system, so we believe it to be an acceptable modification. The fee will be set very low, and should not make any real noticeable difference in the rest of the plans for the system, so we believe it to be an acceptable modification.
qort_model.txt ยท Last modified: 2019/10/07 15:34 by crowetic