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block_rewards_distribution
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| block_rewards_distribution [11/02/2023 14:04] – [Block Rewards & Distribution] crowetic | block_rewards_distribution [01/05/2024 05:39] (current) – magic_ink | ||
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| ===== Minting Bullets ===== | ===== Minting Bullets ===== | ||
| - | * Every 2 levels is called a 'ter'. | + | |
| - | * Every tier shares a given overall percentage of each block' | + | * **Every tier shares a given overall percentage** of **each block' |
| - | * Only minters **actively submitting minting signatures** (has a ' | + | * Block rewards include **the reward itself** and the **fees for each block** created by transactions submitted to the chain. |
| - | * Signing (or ' | + | * Minters share **both the block reward, and split of the transaction fees for each block.** |
| - | * Every minter is rewarded only based on their level tier and their ' | + | |
| - | * Only level **5 or higher** minters sign blocks | + | * Signing (or ' |
| - | * The higher level minters are more likely to be the block signer (for chain security). | + | * Every minter is rewarded only based on their level tier and their ' |
| - | * Becoming a minter requires a temporary ' | + | * Only level **5 or higher** minters sign blocks |
| - | * During the temporary ' | + | * The higher level minters are more likely to be the block signer (for chain security). |
| - | * Rewards are **split evenly throughout the online minters of any given tier.** | + | * Becoming a minter requires a temporary ' |
| - | * The higher the tier, the higher the reward. | + | * During the temporary ' |
| - | * The more time a minter has been minting, the higher level they are. | + | * Rewards are **split evenly throughout the online minters of any given tier.** |
| + | * The higher the tier, the higher the reward. | ||
| + | * The more time a minter has been minting, the higher level they are. | ||
| ===== Minting Security ===== | ===== Minting Security ===== | ||
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| The block rewards on Qortal are meant to be never-ending. Since QORT is a coin on chain, there should always be new QORT available to power the various services on the network. | The block rewards on Qortal are meant to be never-ending. 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, approximately every ‘6 months’ (based on a calculation of 60 seconds per block which is slightly higher) 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 for 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 4.5 QORT per block as of February 7th 2021. You can see the current block height at www.exqlorer.com | + | No Total Cap on QORT coin, approximately every ‘6 months’ (based on a calculation of 60 seconds per block which is slightly higher) 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 for 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 3.75 QORT per block as of November 18th 2023. You can see the current block height at https://exqlorer.com |
| =====Reward Schedule & Reduction===== | =====Reward Schedule & Reduction===== | ||
block_rewards_distribution.1698948254.txt.gz · Last modified: 11/02/2023 14:04 by crowetic