Reverse Fee Adjustment Mechanism with Spam Mitigation (RFASM) - A Proposal for Sustaining Miner Incentive
In the evolving landscape of Kaspa's mining economics, there is a pivotal need to ensure continuous miner incentive as block rewards phase out. With an emphasis on preserving Kaspa's competitive low-fee advantage, the Reverse Fee Adjustment Mechanism with Spam Mitigation (RFASM) proposal introduces a dynamic yet robust fee structure to align network security and usability.
The RFASM integrates a dynamic fee algorithm with anti-spam safeguards, operating under these principles:
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Reverse Fee Adjustment: Fees adjust inversely with network activity—increasing during low activity for miner incentive, decreasing during high activity to maintain user engagement.
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Anti-Spam Threshold: A minimum fee threshold is maintained to deter spam transactions, ensuring network integrity without compromising affordability.
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Adaptive Minimum Fee: This threshold adapts to Kaspa's valuation and network expenditure trends, ensuring the minimum fee is economically discouraging for spam attacks but still fair for genuine users.
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Automated Monitoring: Implement real-time monitoring systems to identify and mitigate unusual transaction patterns indicative of spamming behavior.
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Community-Driven Updates: The parameters for RFASM, including the minimum fee threshold, will be subject to periodic community review to adapt to the evolving ecosystem and technological advancements.
The RFASM proposal aims to harmonize the need for miner incentive with user experience while safeguarding the network against potential abuse. We call on the Kaspa community to actively engage in refining this proposal and to contribute ideas towards the development of an effective anti-spam system.
Discussion
https://discord.com/channels/599153230659846165/610815395527393301/1232345883144618035