0

Loki just released instant transactions for a cryptonote coin. What is the transaction fee and does this fee get burned when making a loki blink transaction?

0

The loki blink transactions are 5x the fee minimum fee of 0.04 which equals to 0.2 loki fee to do a blink transaction. 4/5 of that fee is burned and the 1/5 is paid out to miners.

The base fee is slightly higher than 0.04; it's 0.04 plus a small per-byte amount. The cli wallet has a "fee" command that can spit out the details along with a typical tx estimate:

Current fee is 0.000000192 loki per byte + 0.020000000 loki per output Current blink fee is 0.000000960 loki per byte + 0.100000000 loki per output Estimated typical small transaction fees: 0.040480000 (unimportant), 0.202400000 (normal), 1.012000000 (elevated), 5.060000000 (priority), 0.202400000 (blink)

Eventually blink transactions will be on by default making every transaction on the loki network instant.

| improve this answer | |

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.