2026-06-06 –, Hall 1 / Sala 1
Monero combines a priced adaptive block weight based upon the CryptoNote excess size penalty with a constant block reward or tail emission.of 0.6 XMR per block. This leads to a unique fee market that can provide insight into the fee markets found in Bitcoin like crypto currencies with small blocks, big blocks and adaptive blocks. We will use the the proposed Full Chain Membership Proofs++, FCMP++, Monero scaling parameters to illustrate this fee market. We will consider the inpact of pricing, and a block reward vs the lack of a block reward on this fee market. We will discuss the overall implications of different fee markets on spam mitigation, and proof of work security. We will also discuss the impact of significant transaction size and verification time increases on scalability in the light of technological change including quantum computers.
Francisco Cabañas (articmine@getmonero.org): Based in Canada, Francisco holds a PhD and MSc in Physics, a BSc in Physics and Mathematics, and has extensive business and non-profit experience. He has actively researched and invested in cryptocurrencies, since 2011, and focuses on the economic, social, regulatory and long-term economic viability aspects of cryptocurrencies. Francisco has researched and studied scaling. POW security, spam mitigation, fees, fee markets and the adaptive block weight in Monero since 2014. He also has been a Core Team Member of the Monero Project, https://getmonero.org/, since 2016.