mirror of
https://github.com/LBRYFoundation/lbry.com.git
synced 2025-09-04 04:45:10 +00:00
1.2 KiB
1.2 KiB
title |
---|
What are the LBRY Block Rewards? |
##0. Only Trust the Source
The source code, and not this file, is the only true definiton of the block rewards. That source file is located here:
https://github.com/lbryio/lbrycrd/blob/real2/src/main.cpp
But is soon to be located in [master
]:
https://github.com/lbryio/lbrycrd/blob/master/src/main.cpp
##1. Reward Schedule
Eventually 1,000,000,000 LBRY credits will exist. They are awarded on the following schedule:
- The genesis block rewards 400,000,000 credits to be administered by LBRY, Inc. 300,000,000 of these will be given away to the public.
- The remaining 600,000,000 are mined.
- The peak block is block is block 55001, at 500 credits. Block 55001 will likely hit 2-3 months after launch.
- Blocks past 55001 descend logarithmically, lasting approximately 20 years.
- Blocks 0-5000 are 1 credit. Blocks 5001 to 550001 ramp up linearly to 500.
- Block rewards ramp up slowly because we do not want to unfairly benefit early and to ensure users are given some time to get LBRY up and running.