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.
1
MonetaryPolicy: []UbqhashMPStep{
2
				UbqhashMPStep{
3
					Block:  big.NewInt(0),
4
					Reward: big.NewInt(8e+18),
5
				},
6
				UbqhashMPStep{
7
					Block:  big.NewInt(358363),
8
					Reward: big.NewInt(7e+18),
9
				},
10
				UbqhashMPStep{
11
					Block:  big.NewInt(716727),
12
					Reward: big.NewInt(6e+18),
13
				},
14
				UbqhashMPStep{
15
					Block:  big.NewInt(1075090),
16
					Reward: big.NewInt(5e+18),
17
				},
18
				UbqhashMPStep{
19
					Block:  big.NewInt(1433454),
20
					Reward: big.NewInt(4e+18),
21
				},
22
				UbqhashMPStep{
23
					Block:  big.NewInt(1791818),
24
					Reward: big.NewInt(3e+18),
25
				},
26
				UbqhashMPStep{
27
					Block:  big.NewInt(2150181),
28
					Reward: big.NewInt(2e+18),
29
				},
30
				UbqhashMPStep{
31
					Block:  big.NewInt(2508545),
32
					Reward: big.NewInt(1e+18),
33
				},
Copied!

The Basics - Previous

Nucleus

Historical MP (Pre-Orion)

Last modified 2mo ago

Copy link

Contents

The Code