Counos Layer was developed primarily on top of the Omnilayer protocol. But it has been changed by Counos to work based on Counos H Blockchain network. This platform is in fact a layer which provides advanced exchange features like custom currency, decentralized trading, smart contracts, etc. Since it is a layered protocol for the Counos H system, all Omni tokens can technically be referred to as tokens of the Counos H Blockchain, with exchanges or wallets that support Counos H (CCH).
Being a platform that is built on top of the Counos H(CCH) Blockchain, the transactions pertaining to Counos Layer are all recorded and assessed by the Counos H network.
Embedding CounosLayer Transactions in the Blockchain
The Counos Layer Protocol was specified to embed data in the Blockchain using the OP_RETURN opcode (for most transactions) making most Counos Layer Protocol data completely prune-able (Class C). This class of transactions are considered to be suitable as a result of the fact that the prune-able outputs avoiding issues of “bloat” and “pollution” of the Blockchain.
Counos H core wallet lets you choose which address CCHs come from when you make a payment, and Counos Layer transactions must all come from the address which holds the Counos Layer currency being used. If a Counos H wallet contains CCHs stored in multiple addresses, the user (or Counos Layer Protocol software) must first ensure that the address which is going to send the Counos Layer transaction has sufficient balance in CCHs to create the transaction.
Then, the Counos Layer-related transaction can be sent successfully from that address.
In other words, unlike Counos H structure, where the From address is not an important concept to send currencies to other parties, in Counos Layer transactions, we must define the From address exactly and this address must have CCHs balance in addition to token balance to be able to send tokens to other party.
When you send a simple transaction or some other action in Counos Layer , you must pay the CCH corresponding transaction fee by CCH balance, (CCH balance must be available on From address). But you will not pay any fee to Counos Layer on any of these transactions:
1- All tokens in the Counos Layer Protocol can be sent (using simple send) with no fees
2- Creating an asset does not carry a fee.
3- Asset management (changing ownership, issuing new tokens, revoking tokens, etc.) does not carry a fee.
So the transaction fee values will not change based on Token Price, and it only depends on CCH prices. These fee vales will be a very low and negligible cost compared with other networks like Bitcoin or Ethereum.