Comment on page


The term 'gas' has been used by many networks as the name for the fee paid to transact. On the Bitcoin Spark network, BTCS will be the 'gas' coin.
When a user pays to transact on the network, this fee will be sent to the network validators.
The fee will have similar variables to other networks, such as instantaneous demand and contract complexity, but will also be affected by the balance of product revenue.
The higher the product revenue against BTCS market cap, the lower the transaction fees.
The smallest unit of BTCS on the native Bitcoin Spark network will be 0.000000000001 or 10^(-12) BTCS. This unit is known as a Spark.
The base fee works on a liquid concept against revenue. There is no static base fee due to the revenue streams contributing to miner rewards. This means if revenue alone outstrips what the minted rewards and gas fees would provide, the network will reduce 'gas' to 0 and in strong overbalance begin burning BTCS.
This revenue-influenced network fee system opens up the potential for a feeless network.
Providing the revenue alone can support validator profitability, transaction fees may be 0.
It is expected that zero fees and BTCS burn will not trigger for at least 1 to 2 years after launch, due to product market penetration time.