network cost per transaction
Chain's first chart (in US$ terms):
- Green area: Total inflation & transaction fees per transaction, in US$;
- Blue line: Inflation cost as % of each payment, in US$;
- White line: Transaction fees as % of each payment, in US$.
Chain's second chart (in coin terms):
- Green area: Total inflation & transaction fees per transaction, in coins;
- Blue line: Inflation cost as % of each payment, in coins;
- White line: Transaction fees as % of each payment, in coins.
Recall again, the "spikes" on Dash's network are due to its monthly superblocks, payments made from its decentralized treasury, as remuneration for work done to promote the network:
network cost per transaction explained
Similar to previous sections, the charts above continue to graph the historical, economic nature of the two key components inside the block reward—inflation and transaction fees. The charts in this section paint more of a picture regarding the "scaling nature" of various blockchains. This is because we are comparing these two network-wide "costs" on a per transaction basis.
To reiterate, the charts above display the following:
- Green trend (left axis): Total cost per transaction. This means we are looking at both inflation and transaction fees added together, on a per transaction basis, each day;
- Blue trend (right axis): Total % cost per transaction from inflation;
- White trend (right axis): Total % cost per transaction from transaction fees.
As always, these trends are first displayed in US dollar terms; then graphed immediately after is the same concept in the network's native coin.
Remember, it is fairly easy to observe that, at present, the overwhelming cost to blockchain network users comes in the form of inflation. These charts particularly show how, on a per transaction basis, this cost is real, yet also "invisible" to the user. In the blockchain world, this is transparent and easy to see. Sometimes, other monetary systems are not as transparent and easy to see.
Still, for now—transaction fees—which are the costs that senders of bitcoin, litecoin and other cryptocurrencies actually have to pay and confirm upon each transaction, are barely noticeable (the white lines).