https://twitter.com/AttilaAros/status/1327530759062622208
I'll actually test it (beyond just compiling) soon™ and write up a blog post and update the Javascript libraries to make it easy to work with.
Post by twetch#1933
Doesn’t sound super competitive fee wise
What the chain says
- Block
- 661 213
- Time
- 2020-11-14T09:55:45Z
- Signer
- 1L4RWaXx93KZoe1sbLpN4YMhD7PXhVw5kd
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1933
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1L4RWaXx93KZoe1sbLpN4YMhD7PXhVw5kd VerifiedReplies (7)
Here's one compiled with only loop(2) (up to 2 inputs to merge or 2 outputs)
https://whatsonchain.com/tx/2bf8b347787da1b22fcb09dccad5640697cc3b14fca74d22a1876181f24e5c06
It's ~5KB only in that case. I picked 20 inputs and outputs as a good "standard" so that the base contract is ~10KB (not bad trade-off for 20x more inputs/outputs).
For the reference: erc20 transfer is about $0.5, eth transfer is about $0.2. I like 20 inputs for erc20 :D
Doing a 20-way merge at current fee rate, for when BSV is worth $2,000 still costs about as much as any Ethereum transfer.
This is the world's cheapest permissionless FT token solution already.
So far to go still...
Great point! I just ran the numbers now.
Assuming BSV is worth 10x today ($2,000 USD) then the fee is about 5-10 cents per transfer at the current fee rate (0.1 sat/byte). That fee rate will go down 10-20x over next 12-24 months.