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Update README.md
adams-coding Mar 26, 2023
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Update gas.md
adams-coding Mar 26, 2023
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10 changes: 0 additions & 10 deletions README.md
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Expand Up @@ -5,8 +5,6 @@ Diora [documentation](https://diora.network/docs).

## Requirements

- python
- virtualenv

## Contribute

Expand All @@ -18,16 +16,8 @@ git clone https://github.com/diora-network/docs.git

Create a virtualenv for this project.

```bash
cd docs
virtualenv .env
```

Activate your virtualenv.

```bash
source .env/bin/activate
```

Install the required libraries in your project's virtualenv.

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4 changes: 2 additions & 2 deletions docs/dapp/gas.md
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@@ -1,6 +1,6 @@
# Gas Rebates

Unlike existing smart contract platforms, Diora does not burn gas fees or distribute them entirely to the validators or miners. Instead, the collected gas fees are split between dApp developers, masternodes and our on-chain tresuary.
Unlike existing smart contract platforms, Diora does not burn gas fees or distribute them entirely to the validators or miners. Instead, the collected gas fees are split between dApp developers, masternodes and our on-chain Treasury.

At network launch, gas fees are divided as follows.

Expand All @@ -11,7 +11,7 @@ At network launch, gas fees are divided as follows.

- 30% of all gas fees go to treasury split 50/50 with DioraDAO & on-chain treasury

From the developer perspective, a contract receives a 50% rebate on all gas paid. From the masternode perspective, deferring a portion of rewards in the near term effectively drives transaction volumes, fees, and increases the value of the underlying network in the future.
From the developer perspective, a contract receives a 50% rebate on all gas paid. From the Masternode perspective, deferring a portion of rewards in the near term effectively drives transaction volumes, fees, and increases the value of the underlying network in the future.

It would not be profitable for an attacker to spam transactions on the network as gas rebates recoup only part of the fees paid (50%). As an additional safeguard against potential abuse and to prevent the deployment of spam contracts, gas fees are higher for uploading new contracts than for routine transactions. Gas fees are still sufficiently low to allow smaller projects to upload contracts.

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