Transaction Fee should be collected to 'Common Budget Account'

[spikeekips]

Transaction Fee should be collected to 'Common Budget Account'

[spikeekips]

@Geod24 The concept of 'common budget account' of BOScoin is concrete, as I said in description and our whitepaper. The current tokennet(stellar) needs to create new account, 'common budget account' because genesis (block) account is widely opened.

Genesis account is for genesis block, and common budget will be for strategic purpose and transaction fee.

There are another issue we should concern, that is, we should migrate blocks from the current tokennet(stellar) including genesis account(it is widely open), so we need to create common budget account at the boot time and the transaction fee should be collected into it.

[Geod24]

What is the genesis account used for ? Could we somehow use it as the common budget account ?

[kfangw]

Somebody should take over this Issue

[spikeekips]

@kfangw I will.

[spikeekips]

The basic step is almost same with #308 (comment) .

If we will distribute tx fee in every block,

1. Proposer injects the new operation, OperationCollectTransactionFee into proposer's special Transaction(this also will be used for inflation in every block)
2. In OperationCollectTransactionFee has fields:

• Amount: Amount is the total transaction fee in the Ballot
• Target: Target is the public address of common budget account

3. The other validators will verify,

• Ballot has one transaction of proposer
• This Transaction is signed by Proposer
• This Transaction has valid operations, including OperationCollectTransactionFee
• Amount of OperationCollectTransactionFee is correct

4. proposed Ballot is accepted
5. Amount will be applied to common budget account

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There are additional issues.

How to broadcast the proposer's transaction

2 of kind solution we can think.

• Broadcast it like normal transactions
• Insert it into Ballot

Transaction Fee for OperationCollectTransactionFee

It should be 0