Mining XCR with VPoW
The CROSSVALUE Chain provides mining rewards to network contributors through a proprietary consensus algorithm, VPoW (Voting Proof of Work).
Mining rewards are paid for contributions to consensus and for contributions to storage. The former encourages escrow and voting nodes to accelerate network decentralization and enhance security. The latter encourages DACS node operators to store data for extended periods of time with responsibility.
Mining for XCR will begin with the mainnet launch of the CROSSVALUE Chain. The token quantity allocated for mining rewards is 631,152,000 XCR, where no additional tokens will be issued.
Mining Rewards Distribution Ratio
There will be multiple nodes supporting the CROSSVALUE Chain. Mining rewards are allocated to each node as each block is generated every minute. The distribution ratio of mining rewards is as follows:
Table 1: Mining Rewards Distribution Ratio
Halvenings
In order to control over-inflation of XCR, VPoW block rewards of XCR will have a half-life of every two years. For the first two years after mainnet launches, block rewards generated per minute is 300 XCR and will be halved every two years thereafter; mining of XRC will continue until all 631,152,000 XCR allocated as mining rewards have been mined and issued.
The following table displays the amount of XCR generated in the first 10 years of the CROSSVALUE Chain mainnet since its inception, which will exhaust 96.88% of total block rewards.
Table 2: Amount of XCR issued through mining (first 10 years)
*The year is calculated as 365.25 days, taking into account the current leap year (2024).
Chart 1: Amount of XCR issued through mining (first 20 years)
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