Qortal Project

The future of blockchain platforms

User Tools

Site Tools

Trace:
qort_model_-_block_rewards

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revisionPrevious revision
Next revision		Previous revision
Next revisionBoth sides next revision
qort_model_-_block_rewards [09/12/2020 15:30] – gfactorqort_model_-_block_rewards [03/15/2021 20:59] – gfactor
Line 3: Line 3:
 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 Official QORT Service Coin: 
 +{{ 
 +:45d8cf2d-33c3-469d-8a41-da72c44afea9.jpeg |}}
  
 ===Minting Levels=== ===Minting Levels===
Line 31: Line 33:
 Since QORT is a coin 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 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).+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. Thereafter, a vote can be made with the suggestion of an increase or decrease of 0.25 to 1 QORT difference per block via vote, however, this type of vote can only take place one time per ‘year’ (in blocks). For example, if the current block reward was 3 QORT, the vote could only be: 2, 2.25, 2.5, 2.75, 3, 3.25, 3.5, 3.75 & 4 QORT. (Only up to a 1 QORT difference up or down or any 0.25 increment between.) Block reward can only be voted to as low as 1 QORT per block, or as high as 5 QORT per block. These are the minimum and maximum block reward range Qortal will EVER potentially see. We are currently at 4.75 QORT per block.
  
 **Reward Schedule and Reduction** **Reward Schedule and Reduction**

Page Tools