Programmable Data Pricing

[DanMacDonald]

Programmable Data Pricing (permission required)

Pricing Programmable Data

Base Fee

Beyond bandwidth costs, unpacking and deserializing chunks for use in IrysVM introduces computational overhead, requiring spam mitigation.

• The base_fee during testnet for 1MB of Programmable Data is $0.01.
• There is a minimum cost of $0.01 for Programmable Data transactions.

Congestion Pricing

The base_fee for Programmable Data can adjust by ±12.5% per block, similar to Ethereum gas fee adjustments.

• Increase:

  • If more than 50% of the 7,500 available chunks are used, the base_fee increases linearly, up to +12.5% if all 7,500 chunks are used.

• Decrease:

  • If no chunks are used, the base_fee decreases linearly, up to -12.5% when the block contains zero Programmable Data chunks.
  • The base_fee has no ceiling but has a floor of $0.01.

Priority Fees

If the base_fee is rising due to congestion but there is still competition for Programmable Data capacity, users can include a priority fee (paying above the base_fee) to incentivize transaction inclusion in a block.

Economic Mechanism

• The base_fee for Programmable Data transactions is deposited into the treasury when included in a block. This creates deflationary pressure on the native token, increasing its purchasing power.
• Priority fees (paid above the gas_fee for compute and base_fee for Programmable Data) are paid directly to the block producer.