Bitcoin Forum
November 13, 2024, 04:00:27 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Staking = w/o supply raise?  (Read 88 times)
xyxx (OP)
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
November 06, 2019, 10:22:01 AM
 #1

I've just heard about a staking model which doesn't raise the supply. what??

can somebody tell me if this is technically possible?
bitmover
Legendary
*
Offline Offline

Activity: 2478
Merit: 6320


bitcoindata.science


View Profile WWW
November 06, 2019, 10:30:17 AM
 #2

I've just heard about a staking model which doesn't raise the supply. what??

can somebody tell me if this is technically possible?

Yes ofc.
It is even possible to burn coins.


Casper suggests that. Stakers could be rewarded just by fees, and some of those fees even be burned, reducing the total supply over time. This is suggested by vitalik.

Quote
Because of the lack of high electricity consumption, there is not as much need to issue as many new coins in order to motivate participants to keep participating in the network. It may theoretically even be possible to have negative net issuance, where a portion of transaction fees is "burned" and so the supply goes down over time.
https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ

Sohyun Park
Member
**
Offline Offline

Activity: 103
Merit: 10


View Profile
November 06, 2019, 12:52:30 PM
 #3

I've just heard about a staking model which doesn't raise the supply. what??

can somebody tell me if this is technically possible?

Yes ofc.
It is even possible to burn coins.


Recent example XLM was burned around 50% of its supply.

Red-Apple
Hero Member
*****
Offline Offline

Activity: 1470
Merit: 655


View Profile
November 06, 2019, 01:28:43 PM
 #4

-snip-
Recent example XLM was burned around 50% of its supply.

the two of them are completely different.
the XLM burn was a one time thing when the owners of this centralized coin decide to burn a portion of the supply that they owned. so they did that 1 time thing.
what bitmover posted is a constant burn on each transaction, that is when you make a transaction and pay a fee a portion of it is burnt for good on that tx.

--signature space for rent; sent PM--
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!