Fees
When a transaction is made on the Credits (CS) platform, a fee is payable.
The types of fees that are payable include:
Type | Description |
---|---|
Max Fee | The maximum fee a user is willing to pay for the transaction |
Counted Fee | A fee which is based on the transaction type and other special conditions |
Execute Fee | A fee charged for smart contract execution |
Transfer Fee Calculation
The fee to transfer native CS currency from one wallet address to another is based on fees table.
Smart Contract Fee Calculation
When smart contracts are executed and distributed over the Credits (CS) blockchain, a fee is payable based on the size of the recorded data.
There are two types of smart contract transactions:
- An "initiator action" transaction; "deploy" transaction, "__execute" transaction, and "payable" transaction_;_
- A "new state" transaction where a change has been made to the "state" of a smart contract_._
Any action performed on a smart contract changes its "state", except the "get" methods, which only reads information and does not write anything to the blockchain. In all other cases, it is necessary to create a transaction request to execute a smart contract method.
When creating a transaction request, funds are reserved for this method of execution. Transferred funds are also reserved when creating a "payable" transaction and "emitted" transaction.
Also, in order to compile and execute a smart contract, a certain amount of computing power is also required for which the “execute fee” must also be paid. The following fees are calculated based on the execution time followed by the currency rate:
Fees Table
Size | Deploy Transaction | Other Transaction Types |
---|---|---|
0-1.5 KB | 0.008746170242 CS | 0.0087451 CS |
1.5-20 KB | 0.03546746927 CS | 0.0127451 CS |
20-50 KB | 1.052767832 CS | 0.0158277242 CS |
50-100 KB | 14.30859834 CS | 0.03498468097 CS |
100-256 KB | 38.89480285 CS | 0.1589541694 CS |
256-512 KB | 105.7270358 CS | 1.936458209 CS |
512-768 KB | 287.3958802 CS | 10.51884417 CS |
768-1024 KB | 781.2229988 CS | 103.8255221 CS |
1-5 MB | 2123.584282 CS | 259.834061 CS |
5-15 MB | 5772.500564 CS | 651.3469549 CS |
15-50 MB | 15691.28339 CS | 2309.930666 CS |
50-100 MB | 42653.3305 CS | 5165.460461 CS |