During this period, I specifically conducted a continuous 7-day full-scenario test on the Gas pricing mechanism and actual usage costs for @MidnightNetwork . I categorized the periods into low peak, flat peak, and network congestion, initiating a total of 32 different types of transactions. The final statistics show that during the network low peak period, the basic Gas fee is about $0.0015 per transaction, but once block congestion occurs, the Gas fee skyrockets to $0.028 per transaction, an increase of nearly 19 times, with fluctuations far exceeding the industry norm. The promised 'adaptive dynamic pricing and low volatility predictable Gas mechanism' in the white paper has completely failed to materialize in practice.
Last week, a community blogger mentioned that the Gas fee of Midnight is 'stable and affordable, suitable for daily high-frequency use,' but my actual tests revealed that during congestion periods, not only does the Gas surge, but transactions without increased fees can even be stuck in the pending confirmation queue for over 20 minutes. Moreover, the basic Gas for privacy transactions is 3.2 times that of regular transactions, resulting in extremely high costs for core functionality. At the same time, the current mechanism has no Gas fee burning design, with all revenue going to nodes and no deflationary effect.
I personally feel that the project team for #night has focused too much energy on the grand narrative of privacy compliance, neglecting the Gas costs that users face with every transaction. Uncontrolled volatility, rough pricing, and lack of a safety net will not only deter ordinary users but also make high-frequency applications fundamentally unfeasible. If the dynamic Gas model is not reconstructed before the mainnet of $NIGHT , with limits on increases and decreases, and the introduction of a burning mechanism, no matter how strong the technology, it cannot overcome the most basic experience deterrence. #BTC
