HIP-372: Entity Auto Renewals and Expiry

[SimiHunjan]

hip: 372
title: Entity Auto Renewals and Expiry
author: Leemon Baird (@lbaird), Nosh Mody (@noshmody), Quan Nguyen (@qnswirlds)
type: Standards Track
category: Service
needs-council-approval: Yes
status: Draft
created: 2022-03-01
discussions-to:
replaces: HIP-16

Abstract

Slight modifications were made to the original HIP-16.

Motivation

The original HIP-16 mentions the auto renewal duration between ~81 days and ~92 days. The rationale was to provide wider window for the auto renew duration period.

Rationale

Refer to HIP-16

User stories

Refer to HIP-16

Specification

The minium auto renew period will be equal to ~30 days (2,592,000 seconds) and the max auto renew durtaion will remain equal to ~92 days (8,000,001 seconds).

Backwards Compatibility

This feature is not enabled on mainnet and should therefore be backwards compatible.

Security Implications

N/A

How to Teach This

Implementation of this feature will be referenced in release notes, supported by SDKs, as well as supported at docs.hedera.com.

Reference Implementation

The reference implementation change from the original HIP-16 is modifying ledger.autoRenewPeriod.minDuration from ~81 days to 30 days.

ledger.autoRenewPeriod.maxDuration=8000001 seconds // ~92 days ledger.autoRenewPeriod.minDuration=2592000 seconds // ~30 days

Rejected Ideas

N/A

Open Issues

N/A

References

HIP-16: https://hips.hedera.com/hip/hip-16

Copyright/license

This document is licensed under the Apache License, Version 2.0 -- see LICENSE or (https://www.apache.org/licenses/LICENSE-2.0)