What is the Verus Fee Pool?
Channel: VerusCoin Community
Date: 2021-05-29

Blockchain fee pools and anti-front running — Addresses MEV and more elegantly solves the EIP1559 problem with a block reward independent economy.

As DeFi protocols become the new “killer apps” for blockchain, soon to be joined by identity and future NFT models, fees earned by miners and stakers in a block can now often exceed block rewards. This is a natural outcome of blockchains being used for commerce and was a consideration of Satoshi’s as the rewards that would replace block rewards over time.
When DeFi protocols, VM-based applications, or other functions earning fees are completely separate from the blockchain consensus protocol, as is the case in Ethereum and most other VM-centric systems, miners and stakers often have perverse incentives to reorg the blockchain and capture the blocks with unusually large fees, even after they have been mined by another. The Verus developers consider this a fundamental security flaw in the consensus protocol and are introducing the Verus Fee Pool, which will be operable on all PBaaS chains as well.
The Verus fee pool is a complete solution to enabling a blockchain economy and works by simply requiring that miners put all fees into the fee pool and then take a fraction of the fee pool as their fee reward. This way, it is always more efficient to continue mining forward, as any large sum of fees will be distributed with exponential decay over the current and future blocks. In addition to the Verus Fee Pool, fees for conversions may be paid in the source currency and are automatically converted to Verus or the native blockchain currency on a PBaaS chain before being exposed to miners as transaction fees, providing an entirely new and complete solution to both the problems of large fee disruptions and integration of DeFi conversions into the consensus security protocol.

From: https://medium.com/veruscoin/verus-announces-new-multicurrency-multichain-defi-protocols-and-immediate-public-availability-of-f1868f259ce5

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