d0zingcat/ore
1
0
Fork 0
mirror of https://github.com/d0zingcat/ore.git synced 2026-05-13 23:16:52 +00:00
Code Issues Packages Projects Releases Wiki Activity

Update README.md

Browse Source
This commit is contained in:
Hardhat Chad
2024-03-24 17:38:45 -05:00
committed by GitHub
parent 9e419728e8
commit c6844b7b4e
1 changed files with 2 additions and 2 deletions
Download Patch File Download Diff File Expand all files Collapse all files

4
README.md
View File

@@ -5,12 +5,12 @@
## How it works
The primary innovation of Ore is to offer non-exclusive mining rewards. This means one miner winning rewards does not prevent another miner from winning also. 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 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.
## Supply
Ore is designed to protect holders from runaway supply inflation, regardless of how many miners are active. Supply growth is strictly bounded to a rate of `0 ≤ R ≤ 2 ORE/min`. In other words, linear. The mining reward – amount paid out to miners per valid hash – dynamically adjusts every 60 seconds to maintain a target rate of `1 ORE/min`. This level was chosen for its simplicity and predictability.
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.
## Program