This article from Wisdom Chain official Twitter
URL:
https://twitter.com/Wisdom_Chain/status/1298497409455185921? S=20

In front of us "Wisdom Chain document repository" mechanism of consensus problem, today we're going to talk about Wisdom Chain economic model,

COINS from its birth to today already has ten years, there is no doubt that the currency and etheric fang is the most important two male chains, they are a lot of design ideas and concepts constantly affect later block chain developer,


Look at the economic model of COINS, COINS dig reward by half, every four years until 2140, and since then the miners reward will contain only block the transaction fee in the long run the currency is a deflation system, which is why many ChiBiRen believes that the currency will eventually rise, the main reasons for

And etheric fang economic model, core logic is to make the ETH unlimited appreciation, but this is contradictory, not to mention the ETH total unsteady, from the perspective of economic model of the ETH the interests of the consumer and the miners, it also makes the development of Ethernet fang struggling,

Male Chain in the early time of 30 seconds/blocks, each block reward 20 WDC, every 2102400 (about 2 years) a block to reduce about 52.22%, Wisdom main Chain in 285600 blocks (Singapore time on October 23, 2019 18 points, 10 minutes and 47 seconds), the main piece of speed and consensus reward has made adjustments, the average speed for 10 seconds/blocks, each block of the reward is 6.66666666 WDC, reduce the piece reward for the first time the block height is 5736000, fixed after every 6307200 blocks (time) for about two years to adjust time, adjust the proportion is 47.781818% less than last time,

Specific as follows:


Wisdom Chain native currency WDC, total is 590000000, including the total reward for 88000000, WDC economic model: community, 325000000; Technical team, operations team, ecological construction and public welfare fund: 177000000,

WDC is mainly used in the application layer, mining rights proved that guaranty gold trading, market opening, trade dispute arbitration fees and other purposes, at the same time you can also use the hands of the WDC to develop their own Dapp, for users to use to make money, Layer2 application chain, let more people to the secondary development platform,

WDC is not that kind of Gas fee, but on behalf of its footprint Wisdom Chain "global state", for example, you have 1000 tokens, WDC, then you can create up to 1000 bytes of space unit, in which you can store assets, DApp state, or other data,

Listen to feel like holding EOS can invoke the system memory and CPU utilization ratio? But must pay attention to the distinction, one is the WDC without pledge to get a space unit, second, the unit can store content, hush, rather than "computing resources such as CPU or memory,

And with the Wisdom Chain the outbreak of ecological application, the value of the WDC also will continue to grow,