Improved Monthly Rewards and ‘Free for All’ mining on the Komodo Platform

Important changes to Komodo’s Blockchain at Block Height 1 Million

When the Komodo Blockchain reaches the Block Height 1,000,000, two notable changes are scheduled to happen. Block 1,000,000 is expected to happen in the first half of September 2018.

A painting of JL777 delivering commits to GitHub

Monthly Rewards to encourage active users

5.1% reward for active users

Currently, the rewards mechanism will cap the amount of accrued rewards after 1 year. For example, if the coins sit in the same address for more than a full year, the amount of rewards will stop accruing at 5% total. This mechanism is being changed to cap the amount of accrued rewards after 1 month. This change is being made to encourage users to be active and use KMD more often.

This means in order to receive the maximum amount of rewards, a user must claim them at least once per month. This in turn, changes the amount of rewards to 5.1% per year. - JL777

‘Free for All’ Mining

Currently, every 2000 blocks, there is a 64 block period in which notary nodes are unable to mine with easy difficulty. After block 1,000,000, this 64 block period will be removed.

This change is being made to discourage miners from only mining during these 64 block periods. - JL777

A photo of $KMD miners during a free for all period.

We have deployed a new method that calibrates the non-notary mining to 25%, and this process also performs the calibration to non-notary hashrate that the free for all period was designed to achieve. With the removal of the free for all, the mining returns will not go through any dramatic changes every 2000 blocks, but rather stay relatively constant throughout.

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