New Transaction Fee

A proposal published by Patrick Lodder on GitHub suggests that Dogecoin’s standard transaction costs should be reduced by 100x. The proposal starts by explaining the platform’s historical fee policy introduced in 2014 to eliminate on-chain spam.  The proposal indicates that in 2020, most transactions did not adhere to the default policy. In essence, almost 8% of the transactions employed a free tier model where no fees were paid, while 11% of transactions used a fee calculation model similar to Bitcoin. …