HomeCoinsQTUM (QTUM)A Year of Transaction Fees. This blog reviews the full year 2021…...

A Year of Transaction Fees. This blog reviews the full year 2021… | by Qtum | Feb, 2022

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Qtum
A Year of Transaction Fees. This blog reviews the full year 2021… | by Qtum | Feb, 2022

This blog reviews the full year 2021 for transaction fees on Qtum Mainnet.

Block rewards for staking wallets or delegating addresses consist of two parts:

  • The “subsidy” of newly-minted QTUM
  • The transaction fees and gas

In 2021 the subsidy dropped from 4.0 QTUM to 1.0 QTUM with the hard fork to 32-second blocks, and then to 0.5 QTUM with the halving on December 1, 2021.

The data set for this report consists of blocks 764,515 to 1,508,489 covering January 1, 2021, to December 31, 2021. For each block’s block reward, the subsidy was subtracted leaving the fees paid for the various transactions in that block. Smart contract transactions typically pay gas above the requirements for the smart contract execution, and any excess is refunded in that the same block which executes that smart contract call, leaving a net gas payment to the staker.



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