Configure Transaction Fees

Alright, let's get to configuring our gas fees. When prompted select Customize fee config.

? How should the transaction fees be configured on your Blockchain?: 
    Low block size    / Low Throughput    12 mil gas per block
    Medium block size / Medium Throughput 15 mil gas per block (C-Chain's setting)
    High block size   / High Throughput   20 mil gas per block
  ▸ Customize fee config
    Explain the difference

Let's assume we are creating an enterprise blockchain with very few computationally intensive transactions. Our goal is:

Allow very computationally expensive operations. The gas limit of the C-Chain is set to 8,000,000 gwei. Let's pick a number higher than that.
Target producing one block every 10 seconds
The same minimum transaction base fee as the C-Chain (25000000000wei = 25 gwei)
Only slowly adjust the fee. The base fee change denominator of the C-Chain is 36.
Have every block cost at least 500,000 gwei and at most 1,000,000 gwei
Adjust the block gas cost same as the C-Chain (value 200000)
When completely configured it should look something like this:

✔ Customize fee config
Customizing fee config
Set gas limit: 15000000
Set target block rate: 10
Set min base fee: 25000000000
Set target gas: 15000000
Set base fee change denominator: 50
Set min block gas cost: 500000
Set max block gas cost: 1000000
✔ Set block gas cost step: 200000

Next you will be asked if you would like the fees to be dynamic:

? Do you want dynamic fees on your blockchain?: 
  ▸ No, I prefer to have constant gas prices
    Yes, I would like my blockchain to have dynamic fees
    Explain the difference

Next you will be asked if the fees should be changeable without a network upgrade:

? Should transaction fees be adjustable without a network upgrade?: 
  ▸ No, use the transaction fee configuration set in the genesis block
    Yes, allow adjustment of the transaction fee configuration as needed. Recommended for production (Fee Manager Precompile ON)
    Explain the difference

As a last question you will be asked if the fees should be burned:

? Do you want the transaction fees to be burned (sent to a blackhole address)? All transaction fees on Avalanche are burned by default: 
  ▸ Yes, I want the transaction fees to be burned
    No, I want to customize accumulated transaction fees distribution (Reward Manager Precompile ON)
    Explain the difference

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