I believe that one element of BCNext's plan is to set the minimum transaction fee to zero. And now I've posted my theory here, for posterity, so that I can either be mocked for my stupidity, in the future, or praised for my intuition.
This is also my thinking....the only need for minimum Tx fees to protect the Network from spam.
If we can solve the spam problem then the above will be quite easy.
New Anti Spam Mechanisms:
Skycoin has coins and has coin hours. You get 1 coin hour for holding 1 coin for one hour. Transaction fees are paid in coinhours, not in coins. When you spend an output, you must spend 50% of the coin hours. Therefore spamming transactions depletes your coin hour balance exponentially quickly. If there are 100 coinhours in the inputs and only 40 coin hours created in the outputs, then the "fee" is 60 coin hours. The number of coins in the output must equal the number of coins in the input. This is hardcoded.
Transaction priority is / . If the priority is too low, the transaction will not be propagated and it will not be included in blocks. This will dramatically cut down on small transaction spam and keeps the blockchain small.
Each Skycoin is 1 million droplets. Each coin is divisible to six decimal places. At launch, output balances must be multiples of 1 million droplets (a whole coin). This is to prevent transaction spam. As the price goes up, this will be reduced to 100,000 droplets. We want to keep the minimum output size to 0.25 Euros Skycoin does not have 0.000000000005 dollar transactions.
All very small "microtransactions" must be executed as off blockchain transactions. Microtransactions are instant and they are free and they dont pollute the block chain with spam.
just see some info about the anti-spam method of skycoin ,doesnt know if it is useful.
) Japanese or other language volunteers please contact us, thanks.
