diff --git a/docs/user/governance/index.rst b/docs/user/governance/index.rst index 5af15150b..c6f58766f 100644 --- a/docs/user/governance/index.rst +++ b/docs/user/governance/index.rst @@ -1,5 +1,5 @@ .. meta:: - :description: The Dash governance system is funded by 10% of the block reward + :description: The Dash governance system is funded by 20% of the block reward :keywords: dash, dgbb, governance, funding, voting, blockchain, development, block reward .. _governance: @@ -22,16 +22,16 @@ for nearly three years and has resulted in serious splits within the community and even forks to the Bitcoin blockchain. The DAO also provides a means for Dash to fund its own development. While other -projects have to depend on donations or premined endowments, Dash uses 10% of -the block subsidy to fund its own development. Every time a block is mined, 90% +projects have to depend on donations or premined endowments, Dash uses 20% of +the block subsidy to fund its own development. Every time a block is mined, 80% of the subsidy is split between the miner and a masternode per the distribution -found :ref:`here `, while the remaining 10% is not +found :ref:`here `, while the remaining 20% is not created until the end of the month. During the month, anybody can make a budget proposal to the network. If that proposal earns the net approval of at least 10% of the masternode network, then at the end of the month the requested amount will be paid out in a "superblock". At that time, the block subsidies that were not paid -out (10% of each block) will be used to fund approved proposals. The network thus -funds itself by reserving 10% of the block subsidy for budget projects. +out (20% of each block) will be used to fund approved proposals. The network thus +funds itself by reserving 20% of the block subsidy for budget projects. .. raw:: html diff --git a/docs/user/governance/understanding.rst b/docs/user/governance/understanding.rst index 91421f836..734a5f650 100644 --- a/docs/user/governance/understanding.rst +++ b/docs/user/governance/understanding.rst @@ -116,14 +116,14 @@ and users. More importantly, this gives the blockchain itself a self- preservation mechanism that is beyond the control of any individual. +-----+----------------------------------------+ -| 90% | Mining and Masternode Reward | +| 80% | Mining and Masternode Reward | +-----+----------------------------------------+ -| 10% | Decentralized Governance Budget | +| 20% | Decentralized Governance Budget | +-----+----------------------------------------+ -Masternodes and miners split 90% of the mining subsidy per the distribution +Masternodes and miners split 80% of the mining subsidy per the distribution found :ref:`here `, at the time -it is created. The remaining 10% is disbursed monthly by the masternode +it is created. The remaining 20% is disbursed monthly by the masternode operators once the results of their votes are tallied, creating the first self-sustaining decentralized cryptocurrency platform organized as a Decentralized Autonomous Organization (DAO). The masternode operators @@ -262,7 +262,7 @@ team@dashwatch.org email address or through their `website Budget allocation ================= -The total budget of the network can be calculated by taking 10% of the +The total budget of the network can be calculated by taking 20% of the block subsidy over the period of time between two superblocks, which occur every 16616 blocks or approximately 30.29 days. A voting cutoff occurs 1662 blocks before the superblock, and the final votes are tallied at diff --git a/docs/user/introduction/features.rst b/docs/user/introduction/features.rst index 11eec2cdf..d9147558a 100644 --- a/docs/user/introduction/features.rst +++ b/docs/user/introduction/features.rst @@ -54,7 +54,7 @@ Masternodes enable the following services: - **ChainLocks**, which protects the blockchain against 51% mining attacks by signing blocks as they are mined. - **Governance and Treasury** allows stakeholders in Dash to determine - the direction of the project and devotes 10% of the block subsidy to + the direction of the project and devotes 20% of the block subsidy to development of the project and ecosystem. - **Dash Evolution** will make using cryptocurrency as easy as using PayPal. @@ -414,7 +414,7 @@ of all bitcoin will be in circulation by 2036, and 99.9% by 2048. `Dash's total coin emission `_ is also the sum of a geometric series, but the ultimate total coin emission -is uncertain because it cannot be known how much of the 10% block subsidy +is uncertain because it cannot be known how much of the 20% block subsidy reserved for budget proposals will actually be allocated, since this depends on future voting behavior. Dash will continue to emit coins for approximately 192 years before a full year of mining creates less than 1 @@ -447,14 +447,35 @@ utilization, this results in an approximate coin allocation over a budget cycle as follows: +-----+----------------------------------------+ -| 90% | Mining and Masternode Reward | +| 80% | Mining and Masternode Reward | +-----+----------------------------------------+ -| 10% | Decentralized Governance Budget | +| 20% | Decentralized Governance Budget | +-----+----------------------------------------+ -When Dash Platform is released, the governance budget will grow to 20% per the -governance proposal approved in September 2023. Additional details can be found -in the :ref:`Treasury expansion section `. +When the Dash Core v20 hard fork activates, Dash's governance budget will grow +to 20% of the block subsidy per the governance proposal approved in September +2023. Additional details can be found in the :ref:`Treasury expansion section +`. + +.. _block-subsidy-reallocation-treasury-expansion: + +Treasury expansion +^^^^^^^^^^^^^^^^^^ + +In September of 2023, the Dash network approved a `proposal +`__ to double the +governance budget by modifying the block subsidy allocation. The new allocation +designates 20% for miners, 20% for the governance system budget, and 60% for +masternodes. The expansion will go into effect upon activation of the Dash Core +v20 hard fork. + ++-----+----------------------------------------+ +| 20% | Mining Reward | ++-----+----------------------------------------+ +| 20% | Decentralized Governance Budget | ++-----+----------------------------------------+ +| 60% | Masternode Reward | ++-----+----------------------------------------+ Miner and masternode reallocation ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ @@ -463,7 +484,8 @@ Miner and masternode reallocation This block reward reallocation process was superseded by the :ref:`treasury expansion ` approved by the - network in 2023. + network in 2023. Upon activation of the Dash Core v20 hard fork this table + will be obsolete. On 13 August 2020, the Dash network approved a `proposal `__ @@ -530,25 +552,6 @@ run your own `emission calculations using this tool site `_ for live data on current network statistics. -.. _block-subsidy-reallocation-treasury-expansion: - -Treasury expansion -^^^^^^^^^^^^^^^^^^ - -In September of 2023, the Dash network approved a `proposal -`__ to double the -governance budget by modifying the block subsidy allocation. The new allocation -designates 20% for miners, 20% for the governance system budget, and 60% for -masternodes. - -+-----+----------------------------------------+ -| 20% | Mining Reward | -+-----+----------------------------------------+ -| 20% | Decentralized Governance Budget | -+-----+----------------------------------------+ -| 60% | Masternode Reward | -+-----+----------------------------------------+ - .. _decentralized-governance: Decentralized Governance @@ -569,16 +572,16 @@ for nearly three years. DAO also provides a means for Dash to fund its own development. While other projects have to depend on donations or premined endowments, Dash -uses 10% of the block subsidy to fund its own development. Every time a -block is mined, 90% of the subsidy is split between the miner and +uses 20% of the block subsidy to fund its own development. Every time a +block is mined, 80% of the subsidy is split between the miner and a masternode per the distribution found :ref:`here `, -while the remaining 10% is not created until the end of the +while the remaining 20% is not created until the end of the month. During the month, anybody can make a budget proposal to the network. If that proposal receives net approval of at least 10% of the masternode network, then at the end of the month a "superblock" will be created. At that time, the block subsidy that was -not paid out (10% of each block) will be used to fund approved -proposals. The network thus funds itself by reserving 10% of the block +not paid out (20% of each block) will be used to fund approved +proposals. The network thus funds itself by reserving 20% of the block subsidy for budget projects. You can read more about Dash governance in the :ref:`governance` section diff --git a/docs/user/introduction/information.rst b/docs/user/introduction/information.rst index 71c246706..e8cb35bd3 100644 --- a/docs/user/introduction/information.rst +++ b/docs/user/introduction/information.rst @@ -426,9 +426,9 @@ Glossary DAO The development of Dash and the Dash ecosystem is self-funded by the DAO or - Decentralized Autonomous Organization. Each time a block is discovered, 90% + Decentralized Autonomous Organization. Each time a block is discovered, 80% of the block reward is split between the miner and a masternodes per the - distribution found :ref:`here `. 10% of the block + distribution found :ref:`here `. 20% of the block subsidy is withheld by the network and used to fund projects that are approved by the masternode network. For a fee, anybody can submit a proposal to the network, and will be paid directly by the blockchain if approved by diff --git a/docs/user/masternodes/understanding.rst b/docs/user/masternodes/understanding.rst index d278cc3bc..7a3dee062 100644 --- a/docs/user/masternodes/understanding.rst +++ b/docs/user/masternodes/understanding.rst @@ -44,11 +44,11 @@ moves or spends those coins, the masternode stops working and payment ceases. Masternodes are paid by the network for the InstantSend, CoinJoin and -governance services they provide. 10% of the block subsidy goes to the budget -with the remaining 90% split between miners and masternodes per this +governance services they provide. 20% of the block subsidy goes to the budget +with the remaining 80% split between miners and masternodes per this :ref:`block reward reallocation table `. Then, every 16,616 blocks (approximately 30.29 days), a -superblock is created that contains the entire 10% payout to the budget +superblock is created that contains the entire 20% payout to the budget proposal winners. Masternodes are selected for payment in each block (approximately every 2.6 minutes) from a deterministic masternode list, and moved to the back of the list after payment. As more masternodes are @@ -187,9 +187,9 @@ Nodes), which enable financial privacy (CoinJoin), instant transactions (InstantSend), and the decentralized governance and budget system. Because this second tier is so important, masternodes are also rewarded when miners discover new blocks. The breakdown is as follows: -90% of the block subsidy is split between the miner and a masternode +80% of the block subsidy is split between the miner and a masternode per the distribution found :ref:`here `, while -10% is reserved for the budget system (created by superblocks every +20% is reserved for the budget system (created by superblocks every month). The masternode system is referred to as Proof of Service (PoSe), since