I think we’ll go with a simpler 50% - 50% fee distribution model where the fees are split evenly between extension-chain validators (Pillars) and contract deployers.
Pillars will be able to run nodes and they should be properly incentivized to sustain the extension-chain.
Supernova extension-chain with dual-VM support EVM and WASM
Pillars will be able to register as extension-chain validators with their producer keystore
Orchestrator support for ext-chain (with configurable parameters)
Built-in support for swapping ZNN ↔ xZNN
Deploy EVM contracts
Deploy WASM contracts
I’m searching for a name for the first NoM extension-chain, if you have ideas please share them over here.
It would make much more sense ticker wise if we are set on xZNN or something similar. If we really want to maintain ZNN as part of the ticker, I think maintaining Zenon in the name makes sense.
Zenon Plus
Zenon Infinity
etc
Alternatively, we can just use ZNN as the native ticker, without any distinctions, akin to how Arbitrum/Optimism/etc name ETH just ETH. In that case, we could use any name. Here’s a list of random stars:
@aliencoder please can you reconsider this fees topic.
give the people what they want
feeless ETH - like ETH but feeless
the degens can then copy pasta fork eth contracts on the extension chains
we can have fun punting shitcoins without fees
also we can explore new stupid and pointless business models that weren’t possible without fees before
@aliencoder I am too regarded to form concise points so chatgpt delivered my telegram chitchat to explain what i’m saying in the third person. hope it makes sense:
The conversation revolves around advocating for a feeless architecture for Zenon, drawing on various points to bolster this argument. It starts with the assertion that feeless alternatives to Ethereum would be highly attractive, especially for those looking to maximize their investments without incurring transaction fees. The idea is that by replicating Ethereum’s success in a feeless environment, Zenon could significantly attract both developers and users, particularly those disenchanted by the fees on other platforms.
The speaker underscores the importance of tapping into the enthusiasm of the cryptocurrency community, particularly those who are heavily invested in Zenon and are motivated by the prospect of feeless transactions. This community is described as vibrant, engaged, and crucial in driving the hype cycles that could propel Zenon’s value and adoption.
Moreover, the conversation touches on the strategic advantage of leveraging Ethereum’s existing contract ecosystem, suggesting that Zenon could benefit from adopting successful Ethereum contracts directly onto its platform. This approach is seen as a way to rapidly populate Zenon with a rich tapestry of applications, attracting a user base looking for Ethereum-like experiences without the fees.
The discussion also acknowledges the need for Zenon to create trends and establish itself as a leader in the feeless blockchain space. The speaker suggests that Zenon’s growth depends on its ability to differentiate itself and capture the imagination of the cryptocurrency community with its feeless proposition.
There’s an acknowledgment of the practicalities and challenges involved in maintaining a feeless architecture, including the reliance on the goodwill of node operators and the necessity of fostering a supportive ecosystem. Despite these challenges, the speaker remains optimistic about the potential for Zenon to innovate and lead with a feeless model, drawing on the community’s enthusiasm and the foundational principles of the platform.
In summary, the argument is for Zenon to pursue a feeless architecture as a means to differentiate itself, attract a dedicated user base, and capitalize on the growing demand for cost-effective blockchain solutions. This strategy is seen as aligning with Zenon’s foundational values and as a critical step in securing its place in the competitive blockchain ecosystem.
It really doesn’t make any sense to be another smart contract shitcoin with fees… all this effort just to launch something mediocre will get drowned amongst the noisy influencers
Validators are already incentivised indirectly from pillar rewards and we should vote to replenish AZ funds from a different source
