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?
asked Jan 13, 2020 at 17:51
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1 Answer
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.
answered Jan 13, 2020 at 18:45