Monetary Policy

Orion [UIP16] brought about changes to the reward structure for the Ubiq Proof of Work economy.

The block reward is now static at 1.5 UBQ / block forever, with an exception being any successful future Escher vote to the contrary.

Ubiq has an average block time of 22 seconds [UIP12].

The UIP16 upgrade included activation of a fee-market change [UIP11] based on EIP-1559.

The same network upgrade also set the base fee to 80 Gwei.

The Code

You can view the below code-block in the config.go file go-ubiq repo of the Ubiq Github.

MonetaryPolicy: []UbqhashMPStep{
				UbqhashMPStep{
					Block:  big.NewInt(0),
					Reward: big.NewInt(8e+18),
				},
				UbqhashMPStep{
					Block:  big.NewInt(358363),
					Reward: big.NewInt(7e+18),
				},
				UbqhashMPStep{
					Block:  big.NewInt(716727),
					Reward: big.NewInt(6e+18),
				},
				UbqhashMPStep{
					Block:  big.NewInt(1075090),
					Reward: big.NewInt(5e+18),
				},
				UbqhashMPStep{
					Block:  big.NewInt(1433454),
					Reward: big.NewInt(4e+18),
				},
				UbqhashMPStep{
					Block:  big.NewInt(1791818),
					Reward: big.NewInt(3e+18),
				},
				UbqhashMPStep{
					Block:  big.NewInt(2150181),
					Reward: big.NewInt(2e+18),
				},
				UbqhashMPStep{
					Block:  big.NewInt(2508545),
					Reward: big.NewInt(1e+18),
				},