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beta v.0.320.074

Proposal #61 Details

Lower Bundle Cost

Passed

Type:

Parameter Change Proposal

Total:

219 822 656.6979 BLD

Yes

100.00%

(219 822 064.34 BLD)

No

0.00%

(136.92 BLD)

Veto

0.00%

(0.00 BLD)

Abstain

0.00%

(455.43 BLD)

Total Deposit:

5 000 BLD

Voting Start:

08.11.2023, 00:26:00

Voting End:

11.11.2023, 00:26:00

Submit Time:

07.11.2023, 19:35:48

Deposit End Time:

09.11.2023, 19:35:48

Description

As developers we continue to build upon Agoric blockchain's capabilities; however, one pressing challenge that our community faces is the high cost associated with installing bundles on-chain.

Currently, the cost stands at approximately 0.002 IST/byte or $2 per kilobyte (KB) (see DefaultBeansPerStorageByte parameter), a rate that significantly restricts participation and innovation, particularly for developers and projects that require deploying large or numerous smart contracts and applications on Agoric blockchain.

To address the outlined issues and foster a more inclusive and innovative environment, we’d like to propose reducing the cost of installing a bundle on-chain from $2/KB to $0.02/KB.

Votes

Yes
No
Veto
Abstain

Voter

Answer

Tx Hash