Committee Proposal 80
Committee proposal 80 is a voting request for the №68 network parameter, charging a fee of 1 TRX for transaction memo. The №80 committee proposal is already in effect, please refer to here, this post is dedicated to provide more details and make it clearer.
Why charge a fee for a transaction memo?
Transferring TRX/TRC10 token is equivalent to free because of the daily free bandwidth and the uncharged memo. So everyday there are tens of thousands of transactions using memo to broadcast fake news, scam links.
Below is a statistic of the number of transactions with memo in the network from July 1, 2022 to October 1, 2022:
In these three months, we saw 18,136,783 transactions with memos, of which 7,725,151 transactions were with URLs, which accounted for 42.59%. We can clearly see that these memos with url are almost all deceptive, they hope users will open the url and jump to the scam they designed.
7,725,151 transactions with memo with url, of which 6,935,193 are TRC10 transfers, accounting for 89.77%, indicating that scammers prefer to use low-cost TRC10 transactions to implement their scam plans.If each memo needs to pay 1 TRX, the cost of scamming in these 3 months will reach 7,725,151 TRX, which will be a huge challenge for scammers.
We can also see that in these 3 months, transactions with memo only accounted for 3.63% of the total network transaction volume, so the memo fee will have no negative impact on most users.
Charging for transaction memo will essentially increase the cost of transactions with memo, restrain the growth rate of low-value transactions with memo.
How to adapt to the charging fee?
Developers and wallets should make preparations for charging the memo fee. If your DAPP needs to estimate the transaction fee, please detect the raw_data.data field in the transaction. if the raw_data.data field is not empty, the transaction fee should be increased by 1 TRX’s memo fee.
Summary
Charging a fee of 1 TRX for transaction memo will increase the cost of transaction with memo, effectively reduce the number of low-value transactions with memo, and improve the security and reliability of the TRON network.
