I'M reading page 46 of the Baseledger whitepaper: "4) A

Question

I'M reading page 46 of the Baseledger whitepaper: "4) A

part of these fiat payments is shared with Unibright.
5) Unibright uses this fiat payment to buy UBT from the open market41…
6) ...and use it as a revenue share with the NodeOperator 2"

So, my understanding is that the transaction gets executed on basledger and NodeOperator2 is the Node that is due to receive the reward (in this example). But when does NodeOperator2 receive the UBT reward? According to the diagram on page 45 and the Items 5 and 6 (pg 46), UBT is transferred to NodeOperator2. I feel there is some info missing. Does Unibright instantly buy the UBT from the market at market price? How can NodeOperator2 be sure that Unibright is sending the appropriate amount? Does Unibright prove that it has used the fiat sent from NodeOperator1 to buy at the current market price? Also, what if Unibright servers go down? Seems to me in that case that UBT rewards to validating nodes would be delayed. Why not instead that NodeOperator1, in this case, buy the UBT from the market (while also keeping a fraction of fiat)? Why the need to go through Unibright?

#cryptocurrency #english #unibright

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14.01.2022

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Jack · Accepted Answer

Jack

Hi Circus, Thanks for you comment & questions. I I'll just list them otherwise it gets very confusing. Try not to make assumptions or conclusions in your questions, it makes answering them harder for me. First let’s bring in the overview graphic and then i will try to answer your questions.

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14.01.2022

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I'M reading page 46 of the Baseledger whitepaper: "4) A

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