How are the fees in the lightning network?
Lightning (LN) is an open -time decentralized payment system that allows a quick and cheap cross -chain transaction between different blockchain. To facilitate these transactions, the network relies on a comprehensive fee management mechanism that can be steep in high value transactions. In this article, we will review how to determine fees in Lightning.
The role of the mempool intersection
The mempoolls node is a collection of nodes that store and transmit transactions between different blockchain. Each node has its own mempool, where it has part of the transactions waiting for processing or transmission. Mempools serve as the first time (FIFO) for the first time (FIFO), ensuring that all suspended transactions are processed with the command in which they were received.
Compensation Mechanism
In order to determine lightning transactions, the nodes use the algorithmic approach based on the following factors:
- Transaction number : Number of transactions transmitted or sent to the node.
- Transaction value : The value of each individual transaction.
- LOTER GODE : Current load and use of the memory and process of nodes.
- Node capacity : Maximum node capacity that determines its ability to process transactions.
algorithm
The algorithm used to calculate the fee is based on a simple linear price model:
- For every 10 million currency units (eg Ether), each transaction has an additional fee equal to one unit.
- If the node has sufficient capacity and load, it will last more transactions without mempool capacity exhaustion. In this case, the node receives fees collected from the following transactions.
Example
Suppose we have a node with 100,000 ether units in its memory and a total of 10 million names. The algorithm would calculate the fee for each transaction as follows:
- For the first 9.99 million units (ie 999.900 transactions), fees are 1 unit per transaction.
- For the remaining 0.01 million units (ie 100,000 transactions), fees are 1/10 of the transaction units.
In this example, the node earns approximately $ 9.99 for each first class transaction and $ 1 per class.
Conclusion
The mechanism of fees in the lightning network is designed to ensure a fair and efficient transfer of funds to various blockchains. By calculating factors -based fees such as transactions, value, load number and capacity, nodes can optimize their use of mempool and minimize the financial load associated with high value transactions. Although this algorithmic approach may seem complicated, it ensures that all network participants have the opportunity to participate in transactions at reasonable costs.