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[policy] lower default minrelaytxfee and incrementalrelayfee to 100sat/kvB
Let's say an attacker wants to use/exhaust the network's bandwidth, and
has the choice between renting resources from a commercial provider and
getting the network to "spam" itself it by sending unconfirmed
transactions. We'd like the latter to be more expensive than the former.
The bandwidth for relaying a transaction across the network is roughly
its serialized size (plus relay overhead) x number of nodes. A 1000vB
transaction is 1000-4000B serialized. With 100k nodes, that's 0.1-0.4GB
If the going rate for commercial services is 10c/GB, that's like 1-4c per kvB
of transaction data, so a 1000vB transaction should pay at least $0.04.
At a price of 120k USD/BTC, 100sat is about $0.12. This price allows us
to tolerate a large decrease in the conversion rate or increase in the
number of nodes.
Github-Pull: #33106
Rebased-From: 6da5de58ca
This commit is contained in:
@@ -41,7 +41,7 @@ static constexpr unsigned int MAX_STANDARD_TX_SIGOPS_COST{MAX_BLOCK_SIGOPS_COST/
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/** The maximum number of potentially executed legacy signature operations in a single standard tx */
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static constexpr unsigned int MAX_TX_LEGACY_SIGOPS{2'500};
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/** Default for -incrementalrelayfee, which sets the minimum feerate increase for mempool limiting or replacement **/
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static constexpr unsigned int DEFAULT_INCREMENTAL_RELAY_FEE{1000};
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static constexpr unsigned int DEFAULT_INCREMENTAL_RELAY_FEE{100};
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/** Default for -bytespersigop */
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static constexpr unsigned int DEFAULT_BYTES_PER_SIGOP{20};
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/** Default for -permitbaremultisig */
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@@ -63,7 +63,7 @@ static constexpr unsigned int MAX_STANDARD_SCRIPTSIG_SIZE{1650};
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* outputs below the new threshold */
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static constexpr unsigned int DUST_RELAY_TX_FEE{3000};
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/** Default for -minrelaytxfee, minimum relay fee for transactions */
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static constexpr unsigned int DEFAULT_MIN_RELAY_TX_FEE{1000};
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static constexpr unsigned int DEFAULT_MIN_RELAY_TX_FEE{100};
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/** Default for -limitancestorcount, max number of in-mempool ancestors */
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static constexpr unsigned int DEFAULT_ANCESTOR_LIMIT{25};
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/** Default for -limitancestorsize, maximum kilobytes of tx + all in-mempool ancestors */
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@@ -443,7 +443,7 @@ BOOST_AUTO_TEST_CASE(MempoolSizeLimitTest)
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tx1.vout.resize(1);
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tx1.vout[0].scriptPubKey = CScript() << OP_1 << OP_EQUAL;
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tx1.vout[0].nValue = 10 * COIN;
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AddToMempool(pool, entry.Fee(10000LL).FromTx(tx1));
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AddToMempool(pool, entry.Fee(1000LL).FromTx(tx1));
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CMutableTransaction tx2 = CMutableTransaction();
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tx2.vin.resize(1);
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@@ -451,7 +451,7 @@ BOOST_AUTO_TEST_CASE(MempoolSizeLimitTest)
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tx2.vout.resize(1);
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tx2.vout[0].scriptPubKey = CScript() << OP_2 << OP_EQUAL;
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tx2.vout[0].nValue = 10 * COIN;
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AddToMempool(pool, entry.Fee(5000LL).FromTx(tx2));
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AddToMempool(pool, entry.Fee(500LL).FromTx(tx2));
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pool.TrimToSize(pool.DynamicMemoryUsage()); // should do nothing
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BOOST_CHECK(pool.exists(GenTxid::Txid(tx1.GetHash())));
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@@ -469,7 +469,7 @@ BOOST_AUTO_TEST_CASE(MempoolSizeLimitTest)
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tx3.vout.resize(1);
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tx3.vout[0].scriptPubKey = CScript() << OP_3 << OP_EQUAL;
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tx3.vout[0].nValue = 10 * COIN;
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AddToMempool(pool, entry.Fee(20000LL).FromTx(tx3));
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AddToMempool(pool, entry.Fee(2000LL).FromTx(tx3));
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pool.TrimToSize(pool.DynamicMemoryUsage() * 3 / 4); // tx3 should pay for tx2 (CPFP)
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BOOST_CHECK(!pool.exists(GenTxid::Txid(tx1.GetHash())));
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@@ -481,7 +481,7 @@ BOOST_AUTO_TEST_CASE(MempoolSizeLimitTest)
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BOOST_CHECK(!pool.exists(GenTxid::Txid(tx2.GetHash())));
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BOOST_CHECK(!pool.exists(GenTxid::Txid(tx3.GetHash())));
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CFeeRate maxFeeRateRemoved(25000, GetVirtualTransactionSize(CTransaction(tx3)) + GetVirtualTransactionSize(CTransaction(tx2)));
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CFeeRate maxFeeRateRemoved(2500, GetVirtualTransactionSize(CTransaction(tx3)) + GetVirtualTransactionSize(CTransaction(tx2)));
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BOOST_CHECK_EQUAL(pool.GetMinFee(1).GetFeePerK(), maxFeeRateRemoved.GetFeePerK() + DEFAULT_INCREMENTAL_RELAY_FEE);
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CMutableTransaction tx4 = CMutableTransaction();
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@@ -532,10 +532,10 @@ BOOST_AUTO_TEST_CASE(MempoolSizeLimitTest)
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tx7.vout[1].scriptPubKey = CScript() << OP_7 << OP_EQUAL;
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tx7.vout[1].nValue = 10 * COIN;
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AddToMempool(pool, entry.Fee(7000LL).FromTx(tx4));
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AddToMempool(pool, entry.Fee(1000LL).FromTx(tx5));
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AddToMempool(pool, entry.Fee(1100LL).FromTx(tx6));
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AddToMempool(pool, entry.Fee(9000LL).FromTx(tx7));
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AddToMempool(pool, entry.Fee(700LL).FromTx(tx4));
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AddToMempool(pool, entry.Fee(100LL).FromTx(tx5));
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AddToMempool(pool, entry.Fee(110LL).FromTx(tx6));
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AddToMempool(pool, entry.Fee(900LL).FromTx(tx7));
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// we only require this to remove, at max, 2 txn, because it's not clear what we're really optimizing for aside from that
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pool.TrimToSize(pool.DynamicMemoryUsage() - 1);
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@@ -544,8 +544,8 @@ BOOST_AUTO_TEST_CASE(MempoolSizeLimitTest)
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BOOST_CHECK(!pool.exists(GenTxid::Txid(tx7.GetHash())));
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if (!pool.exists(GenTxid::Txid(tx5.GetHash())))
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AddToMempool(pool, entry.Fee(1000LL).FromTx(tx5));
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AddToMempool(pool, entry.Fee(9000LL).FromTx(tx7));
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AddToMempool(pool, entry.Fee(100LL).FromTx(tx5));
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AddToMempool(pool, entry.Fee(900LL).FromTx(tx7));
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pool.TrimToSize(pool.DynamicMemoryUsage() / 2); // should maximize mempool size by only removing 5/7
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BOOST_CHECK(pool.exists(GenTxid::Txid(tx4.GetHash())));
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@@ -553,8 +553,8 @@ BOOST_AUTO_TEST_CASE(MempoolSizeLimitTest)
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BOOST_CHECK(pool.exists(GenTxid::Txid(tx6.GetHash())));
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BOOST_CHECK(!pool.exists(GenTxid::Txid(tx7.GetHash())));
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AddToMempool(pool, entry.Fee(1000LL).FromTx(tx5));
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AddToMempool(pool, entry.Fee(9000LL).FromTx(tx7));
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AddToMempool(pool, entry.Fee(100LL).FromTx(tx5));
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AddToMempool(pool, entry.Fee(900LL).FromTx(tx7));
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std::vector<CTransactionRef> vtx;
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SetMockTime(42);
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@@ -238,10 +238,10 @@ BOOST_FIXTURE_TEST_CASE(rbf_helper_functions, TestChain100Setup)
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BOOST_CHECK(PaysForRBF(high_fee, high_fee - 1, 1, CFeeRate(0), unused_txid).has_value());
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BOOST_CHECK(PaysForRBF(high_fee + 1, high_fee, 1, CFeeRate(0), unused_txid).has_value());
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// Additional fees must cover the replacement's vsize at incremental relay fee
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BOOST_CHECK(PaysForRBF(high_fee, high_fee + 1, 2, incremental_relay_feerate, unused_txid).has_value());
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BOOST_CHECK(PaysForRBF(high_fee, high_fee + 2, 2, incremental_relay_feerate, unused_txid) == std::nullopt);
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BOOST_CHECK(PaysForRBF(high_fee, high_fee + 2, 2, higher_relay_feerate, unused_txid).has_value());
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BOOST_CHECK(PaysForRBF(high_fee, high_fee + 4, 2, higher_relay_feerate, unused_txid) == std::nullopt);
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BOOST_CHECK(PaysForRBF(high_fee, high_fee + 1, 11, incremental_relay_feerate, unused_txid).has_value());
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BOOST_CHECK(PaysForRBF(high_fee, high_fee + 1, 10, incremental_relay_feerate, unused_txid) == std::nullopt);
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BOOST_CHECK(PaysForRBF(high_fee, high_fee + 2, 11, higher_relay_feerate, unused_txid).has_value());
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BOOST_CHECK(PaysForRBF(high_fee, high_fee + 4, 20, higher_relay_feerate, unused_txid) == std::nullopt);
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BOOST_CHECK(PaysForRBF(low_fee, high_fee, 99999999, incremental_relay_feerate, unused_txid).has_value());
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BOOST_CHECK(PaysForRBF(low_fee, high_fee + 99999999, 99999999, incremental_relay_feerate, unused_txid) == std::nullopt);
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