The network is growing alongside the volume of stakers, and it is a great time to let our node operators set their node fee, as previously announced in the Full Node Fee Policy article.
COTI’s node selection algorithm will take into account the selected fees (preferring lower fees), along with other parameters like the volume of staking on the node (preferring higher fees), the trust score (preferring a higher score) and other parameters.
The more transactions the node will process, the better the rewards for the node operator and its stakers will be. Fees are set for a period of 90 days in advance and only then may be changed again by the node operator.
The complete fee table, reflecting the current fee for each node, is now posted in your COTI wallet and will soon be available on COTI’s website.
As our network becomes less centralized and our node economy evolves, fees are now determined by node operators. As such, node operators have a responsibility to decide wisely on fees, both for their own gains but also for the stakers on their node. At COTI, we are confident that they will make a smart decision.
Exciting times!
Stay COTI!
For all of our updates and to join the conversation, be sure to check out our channels:
Website: https://coti.io
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Telegram: https://t.me/COTInetwork
Github: https://github.com/coti-io
Discord: https://discord.me/coti
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf
