In accordance with the network optimization plan, this FIP suggests the next parameter adjustment for the Fuse network. The new proposal would increase the gas price from 1 gwei to 10 gwei.
Fuse currently charges 1 gwei for transactions. This is not a long-term solution because it is vulnerable to chain spam attacks, which can lead to chain consensus drops or chain unusability.
This FIP proposes to increase the gas price limit to 10 gwei. The current gas price per transaction is 1 gwei.
The amount of transactions on the Fuse Network has been gradually increasing over the last few months. To prepare for increased Fuse demand, the Fuse Network is being methodologically scaled to meet future growth expectations in preparation of the expanding Fuse Ecosystem and Fuse Network, which is expected to continue throughout the year.
Optimizing the network will lead to an increase in throughput, which can safely handle high peak loads and reduce potential spam attacks. This recent update will further enhance the overall user experience for all users.
As the ecosystem expands, we're dedicated to delivering the scaling phase of the Fuse roadmap through 2022, enhancing speed and expanding network capacity while maintaining security and a consistent commitment to safeguard Fuse's vision.
One of the most common ways that spam works is by flooding the target system with numerous requests, although the requests themselves are valid and legitimate. Spam on the blockchain is the act of sending a large number of small transactions at the same time. The transactions sent by the adversaries are legitimate, but each one consists of transferring the smallest amount of money allowed in the network. The minimal quantity of Fuse token that can be sent to the Fuse network in a single transaction is the dust limit for the Fuse chain.
GASPRICE parameter will be adjusted to 10 gwei.The proposal will be included in the subsequent Fuse node software version release if it is approved by the validators.
1 gwei gas fee on Fuse is not a long-term solution because it is vulnerable to chain spam attacks, which can lead to stuck transactions and chain consensus drops or chain unusability.1 gwei gas fees we are highly exposed to such spam attacks; we need to increase the gas fees to mitigate risks of such spam attacks.10 gwei.| Chain | Standard | Fast | Rapid |
|---|---|---|---|
| Fuse | 1 gwei | 1 gwei | 1 gwei |
| Polygon | 40 gwei | 52 gwei | 52 gwei |
| Ethereum | 8 gwei | 8 gwei | 11 gwei |
| BSC | 7 gwei | 7 gwei | 7 gwei |
| Avalanche | 27 gwei | 28 gwei | 29 gwei |
10 gwei may not 100% mitigate spam attacks if the attacker is well funded and if there exists an economic viability to architect such spam attacks.1 gwei. In such scenarios, they may experience stuck transactions.10 gwei. This will result in any transactions below the new minimum to take upwards of NUM_VALIDATORS * 5 seconds.This proposal will be voted on exclusively by validator operators via snapshot.
To vote, simply connect your validator account wallet after the official start date and time. Then choose "for", "against" or "abstain". Then Submit your response.
The proposals to increase Fuse’s block size (FIP-12) and the gas fees increase (FIP-13) are part of its efforts to optimize the Fuse network. With a rapidly growing number of projects launching on the Fuse Network, the protocol has to process more transactions, mitigate any spam attacks and this highlights the need to scale up the blockchain’s overall capability.
Github URL: https://github.com/fuseio/FIPs/blob/master/FIPS/fip-13.md Fuse Forums: https://forum.fuse.io/t/fip13-gas-price-increase/442 Older discussion: https://forum.fuse.io/t/fee-increase-100x-proposal/67/7 Snapshot Guide URL: https://developers.fuse.io/fuse-dev-docs/network/network-upgrades/voting-with-snapshot/snapshot-decentralized-voting-system-at-fuse