trepca
28 days ago  Karma: 25
What are fees for running your own dapp chain like delegatecall?

If I wanted to build my own game, it’s clear that I can run loom chain, what I don’t understand is how fees are taken to pay validators. Are users paying for them? Or game owners? Is it based on data size, numbers of transactions?

en
#dappchain
DAppChain
DAPP development
DApp-design
trepca
28 days ago  Karma: 25
What are fees for running your own dapp chain like delegatecall?

If I wanted to build my own game, it’s clear that I can run loom chain, what I don’t understand is how fees are taken to pay validators. Are users paying for them? Or game owners? Is it based on data size, numbers of transactions?

en
#dappchain
DAppChain
DAPP development
DApp-design

ONE ANSWER
needzrehab
22 days ago Karma: 30

In their recent roadmap update, James Duffy, one of the devs, wrote this which should answer your question:

In the short-term, we’ve allocated a large portion of the company’s token supply as guaranteed payments to PlasmaChain validators and those who stake their LOOM tokens, in order to incentivize users to stake their tokens and secure the network.

You can think of this like Bitcoin or Ethereum’s block rewards, which are essential in attracting interest from miners/validators in the early days of a network.

But over time, as block rewards go down, every network will need to generate fees in order to survive in the long-run. Ethereum plans to do this with low-level inflation on top of the fees for transfers and DApp usage; Bitcoin has no inflation and thus will need the fees from transfers to eventually be high enough to subsidize the entire cost of miners securing the network.

For PlasmaChain, we plan to generate fees for validators both from DApp hosting fees, as well as from some core services built into the chain that all DApps will share:

a) DApp hosting fees
In the very beginning, we are not charging developers fees, as we bootstrap the network.

Later down the line, as the network starts to fill up, we will charge fees to DApp developers to host their DApps.

A major difference between PlasmaChain and Ethereum is that with PlasmaChain, developers will pay a monthly fee to host their DApps — similar to traditional web hosting — as opposed to requiring every user to pay a fee each time they interact with a DApp.

-NR

In their recent roadmap update, James Duffy, one of the devs, wrote this which should answer your question:

In the short-term, we’ve allocated a large portion of the company’s token supply as guaranteed payments to PlasmaChain validators and those who stake their LOOM tokens, in order to incentivize users to stake their tokens and secure the network.

You can think of this like Bitcoin or Ethereum’s block rewards, which are essential in attracting interest from miners/validators in the early days of a network.

But over time, as block rewards go down, every network will need to generate fees in order to survive in the long-run. Ethereum plans to do this with low-level inflation on top of the fees for transfers and DApp usage; Bitcoin has no inflation and thus will need the fees from transfers to eventually be high enough to subsidize the entire cost of miners securing the network.

For PlasmaChain, we plan to generate fees for validators both from DApp hosting fees, as well as from some core services built into the chain that all DApps will share:

a) DApp hosting fees
In the very beginning, we are not charging developers fees, as we bootstrap the network.

Later down the line, as the network starts to fill up, we will charge fees to DApp developers to host their DApps.

A major difference between PlasmaChain and Ethereum is that with PlasmaChain, developers will pay a monthly fee to host their DApps — similar to traditional web hosting — as opposed to requiring every user to pay a fee each time they interact with a DApp.

-NR

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