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The 24h waiting period for PFP updates #75

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elenadimitrova opened this issue Sep 28, 2017 · 1 comment
Closed

The 24h waiting period for PFP updates #75

elenadimitrova opened this issue Sep 28, 2017 · 1 comment
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@elenadimitrova
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8.2.13 The 24h waiting period for PFP updates

Priority Funding Proposals take precedence over Regular Funding Proposals. To avoid the situation
in which long running PFPs block the BFP process entirely, a limit is placed on how often and
PFP can be updated (‘pinged’). We say a PFP can only be pinged when it is first activated* and
when its LastUpdated time is at least 24 hours old.
The result of this rule is that fast payments are still possible — in such a case the PFP’s rate is set very high and the proposal is fully funded at the initial ping, while also allowing long-term lower-rate PFPs that do not block the entire BFP process.

  • In this initial update the time elapsed since last update is taken to be 24 hours.
@elenadimitrova elenadimitrova added this to the Colony Network Token Sale MVP milestone Sep 28, 2017
@elenadimitrova elenadimitrova removed this from the Colony Network Token Sale MVP milestone Feb 1, 2018
@kronosapiens
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Rolling into #73

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