Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform

One question about this quote. First of all, since the fee per transaction is 0.1 LISK, what happens with transactions of a lower amount?

This means a 15% inflation rate the first year, but I was wondering how it has been estimated that 3,000,000 blocks will be created in around 1 year and not more?

If you send 0.01 LISK, you need to spend a total of 0.11 LISK.

A day has 86.400 seconds, that means 8640 blocks can be created every day in the best case. That means in about 350 days there are 3,000,000 blocks. The best case will very likely not be achieved. Therefore it takes a bit longer.

Thank you for your quick answer ! Grin

Let's imagine one day that lisk valuation rase to 1$ for example, they the transaction fee would be expensive don't you think? Even more for day to day user that will for example need 100$ to create an username if we include other network fees.

Trying to think big for Lisk Cool

We will release constant updates, so fees can be configured according to the price. We may think about another system in the future, for now we keep things simple.

Thank you again for your answer ! Good luck in the workload comming in the next weeks!

Thank you very much. Welcome to Lisk!