1.
Project Blink
Blink Gas & Script 3.2 Value Transfer Fee

2.
Value Transfer Fee
● As discussed previously, In blinkchain transaction fee = computation fee
(gas) + value fee
● Here, Value fee can be called as Transfer Fee
● In Blinkchain a transaction that involves any value transfer, in particular,
shall be imposed with a transfer fee along with the computation gas fee
for the script
● Since computation can be extremely cheap in Blinkchain due to a fixed
base fee, the producers are substituted with the transfer fees.

3.
Fixed Percentage Fee
● Transfer fee is calculated in percentages similar to currently available
payment networks such as VISA,Mastercard, Paypal, etc.
● It is levied on each output UTXO created on every transaction.
● Transfer Fee changes for every epoch.
● High Volume low transfer fee ; low volume high transfer fee
● The fees are negligible and will theoretically attain $1 for $20,000 value
transaction accounting to 0.005% of fees when blinkchain reaches higher
volume and activity.

4.
Dynamic Fee Range
● Transfer fee ranges from at max 0.05% to at min 0.005% on the
outputs of the transaction.
● Fee exact percentage is determined by taking previous epochs
performance i.e., the Volume of total outputs in oracle rate

5.
Genesis Epochs Transfer Fees
● The transfer fee is initially set at 0.05% in the first three epochs (Genesis
Epochs) and later the fee is determined by the Transfer Fee Determining
algorithm
● Due to variable constraints inside blinkchain, the genesis epochs are first
three epochs
● The Total Oracle Volume of Outputs in the n − 2, n − 1 epochs and
determines to increase, decrease, or keeps the same percentage fee on
the next n+1 epoch.

6.
Genesis Epochs Transfer Fees
● Standard deviation between n − 2, n − 1 are taken
● If SD of n-2 & n-1 < 0.75 then the transfer fee won’t change, if it is higher
than 0.75 then the transfer fee will change
● Every change include either + 0.0005 or -0.0005
● If Volume of n-2 < Volume of n-1 then there is higher volume of
transactions requiring to lower the transfer fee. If vice versa ,it should
increase the transfer fee
● But the range cap is fixed 0.05% - 0.005%

7.
Final Note
● Ethereum charges from inputs, Blinkchain charges from Outputs
● Outputs are validated to know if it halts by itself
● Each output is a finite script with x number of computation steps from which the
total gas units are calculated and the gas fee is imposed.
● During deployment and execution of scripts with only logic shall be cheaper
compared to scripts with the value contained in it.
● Blink Scripts will introduce separation of logic from value and making a
hierarchical system allowing the logic to be executed at a higher level and only
boolean executions are deployed in value scripts

8.
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