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  1. The Economic paper we are publishing today presents the economic principles governing the Elrond Network, and how they keep everything aligned Read the full paper here: https://elrond.com/assets/files/elrond-economics.pdf Reasoning and overview Through Elrond we propose a bold vision for a post-capitalist world, providing a new economic model and language specifically designed for the information age. The Elrond token, eGold (eGLD), will have an expected bootstrapping duration of roughly three-to-five years. The Elrond token is inseparable from the Elrond Network, and thus in
    2 points
  2. Please refer to sections 2.5 Rewards calculation and distribution in the paper. Rewards are distributed at the end-of-epoch by the following rules: 10% of the fee from one block is received by the block proposer, while the rest of 90% goes into a fees pool, TotalFeesToBeDistributed. At the end-of-epoch a calculation will be done to establish how many new tokens have to be minted. This number is established calculating the TotalRewardsToBeDistributed according to maxPossibleInflation, and number of blocks produced by each shard, minus the TotalAccumulatedFees by all the shards during that
    1 point
  3. Howdy folks, my first post, and the forum is a welcomed attribute, one most companies avoid, so embrace this! A brief note: I am an entrepreneurial software dev: having built a $30B budeting tool, been CEO of my own startup (which did not viralize), and been involved in crypto for years. Chatting with Elrond about a significant involvement with validotors due to an investment stream i am soon to be involved with. I see where Elrond can go, and will do what i can to help. I believe firmly that many larger players bought in early in order to keep killing the upswing in market prices, altho
    1 point
  4. Here is a all you need to know on the technical level about Samsung's cryto enabling Keystore: https://developer.samsung.com/blockchain/keystore/understanding-sdk Elrond will be supported by the Samsung wallet, as a partnership has been announced.
    1 point
  5. I think the minimum ERD needed for staking will be adjusted over time, therefore there's no limit to maximum nodes number. The network can scale infinitely and there's no limitation on device due to parallel processing and sharding. Even Bitcoin lightning is only ran by 10K nodes for now. First year is crucial. If we can get >3000 nodes, rewards will be less than 90%. More decentralized. In the few early years market might get monopolized by several people with high staking reward.
    1 point
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