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Protecting Chirp User Rewards: Key Changes Post-Mainnet Launch

5/21/24

By:

Mytheryi

Protecting Chirp User Rewards: Key Changes Post-Mainnet Launch

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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