diff --git a/README.md b/README.md index 47df112..337a941 100644 --- a/README.md +++ b/README.md @@ -5,12 +5,12 @@ ## How it works -The primary innovation of Ore is to offer non-exclusive mining rewards. This means one miner finding a valid solution does not prevent another miner from also finding a valid solution. Rather than setting up every miner in a winner-take-all competition against one another, Ore gives each miner their own individual computational challenge. As long as a miner provides a valid solution to their personal challenge, the protocol guarantees they will earn a piece of the supply. Since no miner can be censored from the network and valid solutions are non-exclusive, starvation is avoided. +The primary innovation of Ore is to offer non-exclusive mining rewards. This means one miner finding a valid solution does not prevent another miner from finding one as well. Rather than setting up every miner in a winner-take-all competition against one another, Ore gives each miner a personalized computational challenge. As long as a miner provides a valid solution to their own individual challenge, the protocol guarantees they will earn a piece of the supply. Since no miner can be censored from the network and valid solutions are non-exclusive, starvation is avoided. ## Supply -Ore is designed to protect holders from runaway supply inflation. Regardless of how many miners are active in the world, supply growth is strictly bounded to a rate of `0 ≤ R ≤ 2 ORE/min`. In other words, linear. The mining reward rate – amount paid out to miners per valid solution – is dynamically adjusted every 60 seconds to maintain an average supply growth of `1 ORE/min`. This level was chosen for its straightforward simplicity, scale agnosticism, and for striking a balance between the extremes of exponential inflation and stagnant deflation. +Ore is designed to protect holders from runaway supply inflation. Regardless of how many miners are active in the world, supply growth is strictly bounded to a rate of `0 ≤ R ≤ 2 ORE/min`. In other words, linear. The mining reward rate – amount paid out to miners per valid solution – is dynamically adjusted every 60 seconds to maintain an average supply growth of `1 ORE/min`. This level was chosen for its straightforward simplicity, scale agnosticism, and for striking a balance between the extremes of exponential inflation on one hand and stagnant deflation on the other. ## Program