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Dynamic Fee Adjustment

A smart contract that automatically adjusts transaction fees based on network activity.

Description

The Dynamic Fee Contract introduces an adaptive transaction fee system that reacts to network conditions. Instead of a fixed transaction fee, this contract evaluates transaction frequency and adjusts the fee accordingly. If transactions are happening rapidly, the contract raises the fee to manage congestion. Conversely, if activity slows, the contract reduces the fee to encourage participation. This mechanism ensures a fair and flexible fee structure, benefiting users based on network demand.

Progress During Hackathon

30

Tech Stack

Java
Web3
Team LeaderHhq_1743492931
Sector
AI