Blockchain-based multi-currency transaction fee collection method

Abstract

The invention discloses a blockchain-based multi-currency transaction fee collection method. The method comprises the following steps of calculating a commission according to a transaction size, preferentially using gas billing and directly switching the token billing if a gas payment fee is insufficient, and completely transferring normal transaction gas and using token billing if a transaction currency is token. According to the method, the transaction cost is reduced by optimizing a transaction fee, the billing token is distinguished to be in a relatively stable range, and the price fluctuation is small. The participation of the mining machine is reduced, resources are saved, the difficulty of mining is reduced, a mining reward mechanism is canceled, the time of block out is improved, speculative behaviors are reduced, the transaction cost can be flexibly set, and the method is suitable for different business needs.

Description

technical field [0001] The invention relates to a new application mode of block chain technology, in particular to a method for collecting multi-currency transaction fees based on block chain. Background technique [0002] Blockchain technology, also known as distributed ledger technology, is an Internet database technology characterized by decentralization, openness and transparency. It was the underlying technology of Bitcoin at the earliest, and it is widely used in financial and other fields. [0003] Bitcoin billing is calculated by the amount of transaction data (refer to figure 1 ), the miners package the transaction and implement the principle of priority incentive competition. The higher the transaction fee, the shorter the transaction confirmation time; otherwise, the longer it will be. The price of Bitcoin fluctuates greatly, its total amount is limited to 21 million, and the transaction fee is too high. [0004] Ethereum billing structure (purchasing eth with ...

AI Technical Summary

Problems solved by technology

[0005] 1. eth transaction needs to pay 21000gas;

[0006] 2. The basic cost of creating a smart contract is 53,000 gas

[0011] With the rapid development of the market, the price of Bitcoin and Ethereum has a wide range of fluctuations, and the relative cost of transactions has become very expensive, even higher than the fees of the traditional financial system, and there are still a large number of mining machines participating in mining, which consumes too much resources. Big, the difficulty of mining is increasing, the cost is too high, and the collection of transaction fees will be changed, the gap between multi-currency transactions will be narrowed, and the popularity of the industry will be strengthened

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