Protecting Chirp User Rewards: Key Changes Post-Mainnet Launch
5/21/24
By:
Mytheryi
Protecting Chirp User Rewards: Key Changes Post-Mainnet Launch
Current Rewards System: Blackbird miners earn rewards by staying online and maintaining a connection.
Post-Mainnet Launch Changes: Introduction of new conditions for reward distribution.
Extra Rewards for Communication: Miners receive extra rewards for successful pings with neighboring Blackbirds.
Incentivizing Better Connectivity: Elevation adjustments for better connectivity yield higher rewards.
Minimum Distance Rule: Miners on the same account must be installed at least 300 meters apart.
Seniority Rule: Early adopters' rewards are protected; new miners nearby receive reduced rewards.
Preventing Overconcentration: Thousands of miners in one area reduce rewards; optimal coverage achieved with fewer miners.
Automated Smart Contract System: Ensures even distribution and prevents overconcentration.
Encouraging Widespread Coverage: Chirp promotes network expansion over concentration.
Commitment to Fairness: Chirp ensures a fair, efficient, and expansive network for users.
#CryptoRewards #BlockchainTech #IoT #NetworkCoverage #DePINWorld
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