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leveling_system [03/12/2023 01:51] – gfactor | leveling_system [04/27/2023 19:40] – gfactor | ||
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====Minting Levels==== | ====Minting Levels==== | ||
- | 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 signed into the chain, 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 signed into the chain, 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, which were updated* at block 1,010,000: | 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, which were updated* at block 1,010,000: | ||
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- | **Please note:** 1) QORA holders do NOT have to be minters in order to earn their transition into QORT coin. FOUNDERS and all other account types however, DO. 2) tiers 7/8 and 9/10 require at least 30 minters before they become active. If a tier has between 1 and 29 minters, the rewards are combined and shared with the previous tier. | + | **Please note:** 1) QORA holders do NOT have to be minters in order to earn their transition into QORT coin. FOUNDERS and all other account types however, DO. 2) tiers 7-8 and 9-10 require at least 30 minters before they become active. If a tier has between 1 and 29 minters, the rewards are combined and shared with the previous tier. |
Another thing to note - if minters are OFFLINE, a larger percentage of the block reward percentage goes to the minters who are ONLINE. So be sure you keep your node ONLINE as much as possible, to both garner your earned reward, as well as your ' | Another thing to note - if minters are OFFLINE, a larger percentage of the block reward percentage goes to the minters who are ONLINE. So be sure you keep your node ONLINE as much as possible, to both garner your earned reward, as well as your ' | ||
- | - **Founders** will obtain a minimum of **3%** of the block reward, and/or the ' | + | - **Founders** will obtain a minimum of **3%** of the block reward, and/or the ' |
//Above is the initial split for minters based on their level. This split is subject to modification in the future, via either a vote by the users, or if necessary, a modification by the development team. (It is the goal of the system, **to eventually not need modification of anything without votes**, however, in the beginning, it is likely that sometimes it will be inevitable for changes to be made without them.)// | //Above is the initial split for minters based on their level. This split is subject to modification in the future, via either a vote by the users, or if necessary, a modification by the development team. (It is the goal of the system, **to eventually not need modification of anything without votes**, however, in the beginning, it is likely that sometimes it will be inevitable for changes to be made without them.)// | ||
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Minters CAN assign their minting key to MULTIPLE NODES. The same key can be used on multiple nodes, to provide ' | Minters CAN assign their minting key to MULTIPLE NODES. The same key can be used on multiple nodes, to provide ' | ||
- | **Please note:** there is no benefit to running more than one node other than redundancy for the minter. Meaning you will not earn additional block reward for running more than one node - but this can be a great way to ensure your minting account is minting as many blocks | + | **Please note:** there is no benefit to running more than one node other than redundancy for the minter. Meaning you will not earn additional block reward for running more than one node - but this can be a great way to ensure your minting account is minting as many blocks |
Increase in level happens solely by continuing to prove yourself a full node that is synced, and being assigned to a given minting key. As you do this, you will increase in level. | Increase in level happens solely by continuing to prove yourself a full node that is synced, and being assigned to a given minting key. As you do this, you will increase in level. |