- This topic has 1 reply, 1 voice, and was last updated 1 month, 4 weeks ago by FunEarnings.
- Tuesday, July 26th, 2022 at 21:39 #345319ericla1014Participant
Yes I understand the isolated hotspot design and it’s really cool that theoretically the hotspots wouldn’t affect other activities’ gas fees, but still, couldn’t individual hotspots still have astronomically high gas fees? For example if there’s a very hot NFT mint, what’s stopping that specific hotspot’s gas fee to be bid to hundreds of dollars? In someway wouldn’t this completely erode Solana’s current fee advantages because as far as the participants of those hot activities are concerned, it could be just as expensive as, for example, Eth L1?Tuesday, July 26th, 2022 at 21:40 #345320FunEarnings
First off, Solana baseline fees are much lower than ETH, so if hotspot fees are 1000x the baseline fee, that’s still only 18 cents per signer (compared to 1000x the baseline fee on ETH, which would be super expensive).
Also, the main appeal of hotspot fees is that they are isolated only to the super active accounts without impacting the rest of the chain. That means that if an NFT mint is really active, hotspot fees will only impact the small group of people minting the NFT and won’t hurt the vast majority of other users. On ETH, a super active NFT mint would ruin the experience for everyone (even if you aren’t participating in that mint), which is not the case for Solana.
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