Update cgp-0063.md #184
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Update cgp-0063.md #184
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added description for governance proposal
martinvol
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Nov 29, 2022
CGPs/cgp-0063.md
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| - WITHDRAWN = The governance proposal is withdrawn before being submitted on the network | ||
| ### Current Situation | ||
| Currently, gas pricing on Celo roughly works as follows: | ||
| * Every block a gas_price_minimum is defined (accessible through the GasPriceMinimum smart contract). If the block is full (measured in gas), gas_price_minimum increases, if the block is empty, gas_price_minimum decreases (until gas_price_minimum_(lower_bound) is reached). These increases and decreases can be exponential, and thus the value of gas_price_minimum can change quickly. |
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Not really full but exceeds the density target
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adding "denisty target" as word as well - was mostly to describe roughly how it works..
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I've made the commit but cannot see the changes above, if there's a better way to respond to comments, let's discuss
martinvol
reviewed
Nov 29, 2022
CGPs/cgp-0063.md
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| Currently, gas pricing on Celo roughly works as follows: | ||
| * Every block a gas_price_minimum is defined (accessible through the GasPriceMinimum smart contract). If the block is full (measured in gas), gas_price_minimum increases, if the block is empty, gas_price_minimum decreases (until gas_price_minimum_(lower_bound) is reached). These increases and decreases can be exponential, and thus the value of gas_price_minimum can change quickly. | ||
| * In any given block, only transactions specifying a gas_price higher or equal than gas_price_minimum are valid | ||
| * The gas paid by users is split between validators (tip) and the community fund (base) |
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and when the price is at minimum, in reality the majority goes to the community fund.
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at minimum, I believe 100% goes to community fund? I've added equations for tip and base which makes this clear.
martinvol
reviewed
Nov 30, 2022
Co-authored-by: Martín Volpe <martin.volpe@gmail.com>
calicokittencat
approved these changes
Nov 30, 2022
willkraft
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Dec 1, 2022
willkraft
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Dec 7, 2022
* WIP * Update cgp-0063.md (#184) * Update cgp-0063.md added description for governance proposal * Update cgp-0063.md * Update CGPs/cgp-0063.md Co-authored-by: Martín Volpe <martin.volpe@gmail.com> Co-authored-by: Martín Volpe <martin.volpe@gmail.com> * Update and rename cgp-0063.md to cgp-0066P.md * Update cgp-0066P.md changed gas price min data according to @martinvol input * Rename CGPs/cgp-0063/mainnet.json to CGPs/cgp-0066/mainnet.json updating folder name Co-authored-by: Martin Volpe <martin.volpe@gmail.com>
ericnakagawa
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Dec 7, 2022
* WIP * Update cgp-0063.md (#184) * Update cgp-0063.md added description for governance proposal * Update cgp-0063.md * Update CGPs/cgp-0063.md Co-authored-by: Martín Volpe <martin.volpe@gmail.com> Co-authored-by: Martín Volpe <martin.volpe@gmail.com> * Update and rename cgp-0063.md to cgp-0066P.md (#186) * Update and rename cgp-0063.md to cgp-0066P.md * Update cgp-0066P.md changed gas price min data according to @martinvol input * Rename CGPs/cgp-0063/mainnet.json to CGPs/cgp-0066/mainnet.json updating folder name Co-authored-by: product-matt <92383609+product-matt@users.noreply.github.com>
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added description for governance proposal