Fee

Blockchain fees represent the cost of processing transactions on the blockchain network and including them in blocks. On the Metadium blockchain platform, users are required to pay a certain amount of fees when they transmit transactions. Those with higher fees are more likely to be included in blocks more quickly when generating transactions. This is a standard method for determining the priority of transaction processing in blockchain networks, and the exact calculation method and level of fees may vary depending on the blockchain platform being used.

The Metadium blockchain has implemented the Ethereum Improvement Proposal 1559 (EIP-1559) fee model. In EIP-1559 applied to the Metadium blockchain, there is no burning of base fees; instead, the generated fees are transferred to the address of the fee collector. EIP-1559 introduces a dynamic transaction fee mechanism based on base fees and block size changes. When market activity is high, gas fees increase; conversely, gas fees decrease when market activity decreases.

GasPrice, which was the existing fee pricing policy, will be eliminated, and the final fee will be the BaseFee, which is the basic fee, plus the PriorityFee, which is to be paid as compensation to miners, multiplied by the amount of gas used. BaseFee is determined by the market activity of the platform, and if you want a transaction to be included in the block quickly, you can prioritize transaction processing by paying a higher PriorityFee.