ZIP 2009: reduce marginal_fee to 400 and raise weight_ratio_cap to 13
Updates draft ZIP 2009 (#1388) to propose marginal_fee = 400 zatoshis per logical action (minimum conventional fee 800 zatoshis) and weight_ratio_cap = 13, instead of 1,000 and 10. 800 zatoshis is about 0.64 cents at $800/ZEC, still about 2x the 2022 dollar cost; it only falls below the 2022 cost if ZEC drops below $375. A cap of 13 is the smallest integer above the 12.5x ratio between the old and new conventional fees, so transactions from wallets still paying the old fee are not clamped.
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An open proposal—not a live product.
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ZIPs
Zcash Improvement Proposals
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- Original source
[ZIP 312] Specify key generation, change randomizer handling
Changes to randomizer handling after I realized that it couldn't possibly be generated using the message as an input. It does simplify things too. Some additional fixes (using "Re-Randomized FROST" consistently; updating Owners) fixes #1051 Referenced issue #1051: [ZIP 312] Complete the specification for FROST key generation. This needs to be compatible with quantum resilience.
- Original source
NU7: ZIP 218 rounding lowers the supply cap that ZIP 237 claims to keep
Found by @str4d. ZIP 218 sets the post-NU7 subsidy to floor(MaxBlockSubsidy / (2·3·2^Halving)), so three 25-second blocks pay up to 2 zatoshi less than one 75-second block. ZIP 218 states the resulting shortfall from MAX_MONEY: 0.6720 + (H_3 − A)/10^8 ZEC, of which 0.1848 ZEC predates NU7. ZIP 237 reissues only the NSM Value Balance: pre-NU6 unclaimed value plus removed funds. The rounding loss never enters it, so Mainnet issuance converges to MAX_MONEY minus 67,200,000 + (4,406,400 − A) zatoshi, where A is the NU7 activation height.
- Original source
More NU7 ZIP fixes
Proposal 1403 is tracked from its source repository.