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qort_model_-_block_rewards
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| Both sides previous revisionPrevious revisionNext revision | Previous revisionNext revisionBoth sides next revision | ||
| qort_model_-_block_rewards [09/10/2020 07:18] – gfactor | qort_model_-_block_rewards [03/12/2021 05:40] – gfactor | ||
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| - | ====Block Rewards and Distribution==== | + | ====== Block Rewards and Distribution |
| The block rewards in Qortal are distributed evenly, regardless of the minter who actually finds the block. The rewards, instead, are based on the level of the minter as far as who receives more or less of every block. | The block rewards in Qortal are distributed evenly, regardless of the minter who actually finds the block. The rewards, instead, are based on the level of the minter as far as who receives more or less of every block. | ||
| - | See distribution chart below (taken from [[QORT model - Leveling System|Leveling System]]): | + | Behold, the QORT service coin: |
| + | {{ | ||
| + | :45d8cf2d-33c3-469d-8a41-da72c44afea9.jpeg | ||
| ===Minting Levels=== | ===Minting Levels=== | ||
| - | The first accounts able to level, are the minters of QORT. Minting is extremely important to the system, as it is the way that blocks are found, and the chain progresses forward. Without the minters, the chain doesn' | + | The first accounts able to level, are the minters of Qortal. Minting is extremely important to the system, as it is the way that blocks are found, and the chain progresses forward. Without the minters, the chain doesn' |
| Due to the extreme importance of the minters, they are rewarded with the block rewards on the system. The rewards of every block, are split via the following: | Due to the extreme importance of the minters, they are rewarded with the block rewards on the system. The rewards of every block, are split via the following: | ||
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| The block rewards on Qortal are meant to be never-ending. | The block rewards on Qortal are meant to be never-ending. | ||
| - | Since QORT is both a coin and also used as a service token on chain, there should always be new QORT available to power the various services on the network. | + | Since QORT is a coin on chain, there should always be new QORT available to power the various services on the network. |
| - | No Total Coin Cap on QORT, every ‘6 months’ there is a decrease in block reward from its start at 5 coins, by .25, until 2 coins is the reward. That is, unless a vote is made with the suggestion of an increase, which is also possible by submission of a proposal in the system and subsequent vote. The potential for an increase or decrease of up to 1 coin per block is possible via vote, however, this type of vote can only take place one time per ‘year’ (in blocks). | + | No Total Cap on QORT coin, every ‘6 months’ there is a decrease in block reward from its start at 5 QORT, by .25, until 2 QORT is the reward. That is, unless a vote is made with the suggestion of an increase, which is also possible by submission of a proposal in the system and subsequent vote. The potential for an increase or decrease of up to 1 QORT per block is possible via vote, however, this type of vote can only take place one time per ‘year’ (in blocks). |
| **Reward Schedule and Reduction** | **Reward Schedule and Reduction** | ||