Transactions pay fees based on the total byte size of the signed transaction. Fees per byte are calculated based on current demand for space in mined blocks with fees rising as demand increases. The transaction feetransaction fee - The amount remaining when the value of all outputs in a transaction are subtracted from all inputs in a transaction; the fee is paid to the miner who includes that transaction in a block. is given to the Dash miner, as explained in the block chain section, and so it is ultimately up to each minerminer - Mining is the act of creating valid Dash blocks, which requires demonstrating proof of work, and miners are devices that mine or people who own those devices. to choose the minimum transaction fee they will accept.
All transactions are prioritized based on their fee per byte, with higher-paying transactions being added in sequence until all of the available space is filled.
As of Dash Core 0.12.2.x, a minimum relay feeminimum relay fee - The minimum transaction fee a transaction must pay for a full node to relay that transaction to other nodes. There is no one minimum relay fee---each node chooses its own policy. (1,000 duffsduffs - Denominations of Dash value, usually measured in fractions of a dash but sometimes measured in multiples of a duff. One dash equals 100,000,000 duffs. following DIP1 activation) is required to broadcast a transaction across the networknetwork - The Dash P2P network which broadcasts transactions and blocks.. Any transaction paying only the minimum fee should be prepared to wait a long time before there's enough spare space in a block to include it.
Since each transaction spends Unspent Transaction Outputs (UTXOs) and because a UTXO can only be spent once, the full value of the included UTXOs must be spent or given to a miner as a transaction feetransaction fee - The amount remaining when the value of all outputs in a transaction are subtracted from all inputs in a transaction; the fee is paid to the miner who includes that transaction in a block.. Few people will have UTXOs that exactly match the amount they want to pay, so most transactions include a change output.
A change outputchange output - An output in a transaction which returns duffs to the spender, thus preventing too much of the input value from going to transaction fees. is a regular output which spends the surplus duffs from the UTXOs back to the spender. Change outputs can reuse the same P2PKH pubkey hash or P2SH script hash as was used in the UTXO, but for the reasons described in the next subsection, it is highly recommended that change outputs be sent to a new P2PKHP2PKH - A Dash payment address comprising a hashed public key, allowing the spender to create a standard pubkey script that Pays To PubKey Hash (P2PKH). or P2SHP2SH - A Dash payment address comprising a hashed script, allowing the spender to create a standard pubkey script that Pays To Script Hash (P2SH). The script can be almost any valid pubkey script. addressaddress - A 20-byte hash formatted using base58check to produce either a P2PKH or P2SH Dash address. Currently the most common way users exchange payment information..
Updated over 2 years ago