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Opinions On The Crypto Family Bridge Punishment Fee

Binance

Cryptocoins Exchanges / Binance 266 Views

The Crypto Family Bridge is a decentralized, open, cheap, and almost instant bridge being developed by the Crypto Family to link blockchains such as Etehreum, BSC, Polygon, VeChain, xDAI, Harmony,etc...

In its first few prototypes the Bridge had a punishment mechanism for false transfers made by nodes, the nodes would have to pay that fee when they vote on that transfer and they get it back once the transfer has enough votes, if that transfer never gets enough votes, that fee is burned.

In later porotypes this was removed for two main reasons :
1.Lack on consensus across nodes resulting in some nodes voting on transfers while others ignoring them due to differences in accepting fees (main)
2.The punishment mechanism resulted in higher fees, and removing it helped reduce those fee (backing)

In the recent prototype, consensus has been achieved, which made us wonder, should we bring the punishment module back to punish any attempts of fake transfers or tests in preparation for a 51% attack on the Bridge, or should we leave it out to maintain the lowest fees possible on the Bridge.

Note : The bridge doesn't charge a fee in %, it charges a transaction fee similar to that of a blockchain

Without the punishment module the fees on the Bridge are as following :
Transfer from any blockchain to Polygon, max fee : 0.001 MATIC ~ 0.001 $
Transfer from any blockchain to BSC, max fee : 0.005 BNB ~ 1.75 $
Transfer from any blockchain to ETH, max fee : 0.01 ETH ~ 30$

With the addition of the punishment fees, the transfer fees can increase up to 21%

What does the crypto community think about this, and what should we do

submitted by /u/Crypto_Family
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