ANE and network fees

ANE is the 16ane network’s own coin. It pays network fees, the way ETH does on Ethereum. It has 18 decimals. On the testnet it is free and unlimited, so it has no value.

Network fees

Every transaction pays a network fee in ANE, priced the way Ethereum prices gas (EIP-1559):

• Base fee: set by the chain from how full recent blocks are, and burned (removed from supply, paid to no one).
• Tip: optional, and goes to the validator that made the block.

fee = gas used × (base fee + tip). On a quiet testnet the base fee is a few wei per gas, so most transactions cost far less than a millionth of an ANE. The explorer prints these amounts exactly rather than rounding them to zero.

Gas limit

Each block can hold up to a gas limit. 16ane targets 60,000,000 per block, about twice Ethereum’s capacity per second given its 6-second blocks. The limit can move by at most 1/1024 per block, so read the current value from eth_getBlockByNumber("latest") rather than assuming it.

ANE is not a token

Products on 16ane issue their own tokens as ERC-20 contracts, with their own names. For example, 16ane.com’s token is AANA (tAANA on the testnet). It is a different thing from ANE, and pays no network fees. Interfaces on 16ane name both the first time: “ANE, the network coin” and “AANA, 16ane.com”.