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qort_model [03/08/2021 13:27] – gfactor | qort_model [09/28/2021 12:41] – gfactor | ||
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====== The Qortal Model ====== | ====== The Qortal Model ====== | ||
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Qortal (QORT) has a very unique model, which has been built over many years with the minds of multiple intelligent contributors. The overall idea of the platform is to keep EVERYTHING as completely decentralized as possible. Including the modification of key numbers in the system, like block reward. | Qortal (QORT) has a very unique model, which has been built over many years with the minds of multiple intelligent contributors. The overall idea of the platform is to keep EVERYTHING as completely decentralized as possible. Including the modification of key numbers in the system, like block reward. | ||
- | The model is something that is subject to modification both with and without vote initially, as the platform will be in beta phase, and the development team may need to make changes without having the option of waiting for a vote to be taken, and completed. | + | The model is something that is subject to modification both with and without vote initially as the development team may need to make changes without having the option of waiting for a vote to be taken, and completed. |
The initial model, is very likely not to be the end model. However, the initial model is one that the team and contributors believe will work out well to start the platform, and get things moving in the right direction. | The initial model, is very likely not to be the end model. However, the initial model is one that the team and contributors believe will work out well to start the platform, and get things moving in the right direction. | ||
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+ | ===QORT Distribution Information=== | ||
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+ | The QORT distribution model follows a structure where the block reward will drop by .25 QORT every '6 months' | ||
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+ | There is no 'coin cap' with QORT, only a ' | ||
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+ | This also allows for the chain to eventually go mostly ' | ||
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+ | The focus on total coin cap is totally over-hyped in the crypto space, as the EXISTING coin in the system is all that matters when calculating ' | ||
===QORT Coin Information=== | ===QORT Coin Information=== | ||
- | Qortal' | + | Qortal' |
It will also be used for transaction fees for ' | It will also be used for transaction fees for ' | ||
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[[minting|Minting]] | [[minting|Minting]] | ||
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