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leveling_system [01/27/2023 18:18] – gfactorleveling_system [04/27/2023 19:48] (current) – gfactor
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 At a later date, leveling will apply to other Qortal account types (see [[Account Types]]) giving multiple different types the ability to 'level up' in the system, and gain more voting influence, form committees, etc. At a later date, leveling will apply to other Qortal account types (see [[Account Types]]) giving multiple different types the ability to 'level up' in the system, and gain more voting influence, form committees, etc.
  
-{{ :qortal_minting_and_leveling_2020_english.jpg |}} +{{::933df037-60e3-4987-9be3-e3d315e3db13.jpeg?400|}}
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-====Minting Levels==== +
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-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't move. +
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-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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-- **Levels 1 and 2** minting accounts will obtain **5%** of the block reward. +
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-- **Levels 3 and 4** will obtain **10%** of the block reward +
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-- **Levels 5 and 6** will obtain **15%** of the block reward +
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-- **Levels 7 and 8** will obtain **20%** of the block reward +
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-- **Levels 9 and 10** will obtain **25%** of the block reward +
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-- **QORA holders transitioning into QORT will obtain 20% of the block reward** +
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--Note- QORA holders do NOT have to be minters in order to earn their transition into QORT coin. FOUNDERS, however, DO. +
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-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 'online block count' for leveling up. +
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-- **Founders** will obtain a minimum of **5%** of the block reward, and/or the 'leftover' percentage, which initially will be higher when there aren't users in all of the various level tiers, and will decrease over time as minters level up and fill the level tiers. +
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-//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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-=== 'Leveling Up' ===+
  
 As the entire design of the minting system suggests, the importance for the minter in Qortal, is that of SUPPORTING THE BLOCKCHAIN BY RUNNING A MINTING NODE. As a minting node is very important for the overall health of any blockchain, we have decided to delegate that importance by enforcing the minters being online and synced as the main contributing factor. As such, since we realize this importance, being ONLINE is tracked by the Qortal Core, and every 'online block' for every minter, is cemented into the blockchain. It is impossible to 'trick the core' into thinking you are online when you are not, as every node that has a minting key assigned to it, must 'verify' itself every block, by performing a special signature tied with a timestamp, and submitted within a given timeframe (5 minutes).  As the entire design of the minting system suggests, the importance for the minter in Qortal, is that of SUPPORTING THE BLOCKCHAIN BY RUNNING A MINTING NODE. As a minting node is very important for the overall health of any blockchain, we have decided to delegate that importance by enforcing the minters being online and synced as the main contributing factor. As such, since we realize this importance, being ONLINE is tracked by the Qortal Core, and every 'online block' for every minter, is cemented into the blockchain. It is impossible to 'trick the core' into thinking you are online when you are not, as every node that has a minting key assigned to it, must 'verify' itself every block, by performing a special signature tied with a timestamp, and submitted within a given timeframe (5 minutes). 
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 Minters CAN assign their minting key to MULTIPLE NODES. The same key can be used on multiple nodes, to provide 'redundancy' for the minter of the assigned key. Minters CAN assign their minting key to MULTIPLE NODES. The same key can be used on multiple nodes, to provide 'redundancy' for the minter of the assigned key.
  
-**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 are possible on the network.+**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 as possible on the network.
  
 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.
leveling_system.1674861494.txt.gz · Last modified: 01/27/2023 18:18 by gfactor

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