Comments (2)
I find this current protocol an unacceptable deviation from the original source code.
I assume that by original source code
you mean the earlier protocols that have dynamic reward. However, the v1 and v2 protocol actually does not gives 1% inflation as well. It will give 1% when no coinage is lost, which is only possible in theory.
In reality, the 1% in protocol v1 and v2 will not be achieved because:
- People who make transactions and destroys coinage, therefore the 1% will not be achieved.
- There are coins that are lost due to missing missing private keys, and those coins will never stake again, and thus making the inflation even less.
- There are people/services that never stake their coin at all.
In protocol v3, it only distribute the reward to the people who stake, which provide a smooth inflation as opposed in earlier version, and it is a close estimate to 1%
If you look at this chart:
source
You can see that the inflation is smooth and annualized at slightly less 1% after the v3 switch. On the other hand, the earlier protocol remain at 0.2% to 0.4% annualized most of the time and on rare occasions, spikes to 5-11%
Since the blocks already have a target of 64 seconds per block, the diffcultly readjusts according; therefore, the dynamic reward could possibly be calculated from the total number of coins.
This could be a good idea though
from blackcoin-old.
Will be 1% in Blacknet
from blackcoin-old.
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from blackcoin-old.