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Optimize CIS-5 smart contract for cheaper transaction fees. #452

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bogacyigitbasi opened this issue Nov 28, 2024 — with Linear · 0 comments
Open

Optimize CIS-5 smart contract for cheaper transaction fees. #452

bogacyigitbasi opened this issue Nov 28, 2024 — with Linear · 0 comments

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Currently a CIS-2 token (or CCD) transfer to a CIS-5 account/public key costs ~15+ CCDs. Same as withdrawing and depositing. Considering as the contract state grows, the fee will be higher, we may find a way soon or a strategy to minimize the fee as much as possible.

Since one subsidizer will cover all this cost, a dapp producing 10k transactions/month will have to pay with the current price of CCD (0.003) = 10.000 x 0.003 x 15 = 450$

An online tool to test: https://cis5-smart-wallet-contract-dapp.vercel.app/wallet

Sample transaction: e1f4c826464a232de1b14cd54a96117208f9608160e9cd43e7ba8af19a73e313

Contract: <9736, 0>

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