1.7 KiB
| category | title | award | status | date |
|---|---|---|---|---|
| code | Mining Inflation Chart | 300 | completed | 2018-05-25 |
LBRY Credits (LBC) are distributed via the mining process on the blockchain approximately every 150 seconds (2.5 minutes), also known as the block interval. There is a total supply of 1 Billion credits, of which LBRY controls 400M for funding, rewarding users and partnerships. The other 600M will be mined over a period of around 20 years from inception (June 2016).
The mining schedule details how these credits will be distributed. We are currently in the logarithmically decreasing phase of the mining process where, at the time of this writing (May 20, 2018), the current block reward is 359 LBC. You can find the current block reward by visiting the explorer page and clicking the latest block to find the first output.
The goal of this bounty is to analyze and visualize the impact of mining inflation on coin supply. The end result would be the calculation code and web embeddable supply chart. Click here to find an example. At minimum, the x-axis should display dates and the y-axis is the cumulative LBC available.
Hints:
- Sample PHP Program to calculate estimated block reward at any given time
- Use actual block times from explorer.lbry.io (or (Chainquery)[https://github.com/lbryio/chainquery) if it's available) for historical data
Bonus: Overlay with circulating supply information from CoinMarketCap.com
Status: Completed - https://github.com/marcdeb1/lbry-supply-chart