I still have a question for the devs/admins of the

Question

I still have a question for the devs/admins of the

project. since the project is handling an “inflationary tokenomic model” how are new tokens being added to the supply since there isn’t a fixed amount of supply?
can additional tokens being added to the supply of the project?

#blockchain #cryptocurrency #english #mina

0

29.07.2023

28 ответов

82 просмотра

Alpaslan Strangolante Автор вопроса

@marc_nl

0

29.07.2023

Alpaslan Strangolante Автор вопроса

Talha | b62.io ~
Hi. Mina is an open source blockchain. So, everyon...

okay thx shortly said over 50% needs to agree if new tokens can be added within the network, correct?

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29.07.2023

Talha | b62.io ~

Alpaslan Strangolante
okay thx shortly said over 50% needs to agree if n...

Yes. To foster decentralization, O(1) Labs picked its backers such that no single one held more than 3.3% of the Initial Distribution, and only 7 had more than 1%. And you know, Nakamoto Coefficient is a measure of decentralization. Mina has the highest Nakamoto coefficient among L1's. With this significant decentralization power, its almost impossible for someone to randomly create tokens on the Mina network. At least, its harder than on any other blockchain.

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29.07.2023

Alpaslan Strangolante Автор вопроса

Talha | b62.io ~
Yes. To foster decentralization, O(1) Labs picked ...

can you send me the link of this please? i’d be you grateful

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29.07.2023

Alpaslan Strangolante Автор вопроса

Talha | b62.io ~
Yes. To foster decentralization, O(1) Labs picked ...

and i agree

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29.07.2023

Talha | b62.io ~

Alpaslan Strangolante
can you send me the link of this please? i’d be yo...

Sure. Here: https://nakaflow.io/

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29.07.2023

Alpaslan Strangolante Автор вопроса

Talha | b62.io ~
Yes. To foster decentralization, O(1) Labs picked ...

but here i do see on the initial distribution that the backers at least holds over 20% of the tokens?

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29.07.2023

Alpaslan Strangolante Автор вопроса

Talha | b62.io ~
Hi. Mina is an open source blockchain. So, everyon...

and where is this stated that 50% of the token holders needs to approve it, because i cannot find it on the link that you provided?

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29.07.2023

Talha | b62.io ~

Alpaslan Strangolante
but here i do see on the initial distribution that...

Yeah. Already I said "no single one held more than 3.3% of the initial distribution..."

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29.07.2023

Alpaslan Strangolante Автор вопроса

Talha | b62.io ~
Yeah. Already I said "no single one held more than...

like you mean 3.3% per VC or backer?

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29.07.2023

Talha | b62.io ~

Alpaslan Strangolante
like you mean 3.3% per VC or backer?

Yes 👍

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29.07.2023

Alpaslan Strangolante Автор вопроса

Alpaslan Strangolante
and where is this stated that 50% of the token hol...

and this please

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29.07.2023

Alpaslan Strangolante Автор вопроса

Alpaslan Strangolante
and where is this stated that 50% of the token hol...

where can i find the 50% that you’re talking about?

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29.07.2023

Alpaslan Strangolante Автор вопроса

but nothing is impossible, like nobody can know that in the future that he majority of the token holders will vote for additional tokens into the circulation

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29.07.2023

Talha | b62.io ~

Change the token distribution model requires change chain rules. And if you want to change chain rules, you need create new chain with fork. Mina blockchain works with Ouroboros Samasika consensus algorythm. If 50%+1 of the validators validate a chain, that chain is extended and the network continues in that direction. You can read these articles for more; 1-) https://blog.chainsafe.io/how-does-the-mina-protocol-achieve-consensus-f9551675048d 2-) https://minaprotocol.com/blog/what-is-ouroboros-samisika

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29.07.2023

Alpaslan Strangolante Автор вопроса

Talha | b62.io ~
Change the token distribution model requires chang...

thanks man for the valuable info

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29.07.2023

Talha | b62.io ~

Alpaslan Strangolante
but nothing is impossible, like nobody can know th...

Yes. And this rule applies to all blockchains, including Bitcoin. Thats democracy, isnt it? :)

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29.07.2023

Alpaslan Strangolante Автор вопроса

Talha | b62.io ~
Yes. And this rule applies to all blockchains, inc...

indeed 🙂

0

29.07.2023

Talha | b62.io ~

Alpaslan Strangolante
thanks man for the valuable info

Youre welcome! 🙏😊

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29.07.2023

Alpaslan Strangolante Автор вопроса

Talha | b62.io ~
Yes. And this rule applies to all blockchains, inc...

well we hope moooon for mina protocol

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29.07.2023

Alpaslan Strangolante Автор вопроса

Talha | b62.io ~
Yes. And this rule applies to all blockchains, inc...

indeed which also for btc saying that it would be going to zero, which is almost impossible

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29.07.2023

Alpaslan Strangolante Автор вопроса

Talha | b62.io ~
Yes. To foster decentralization, O(1) Labs picked ...

so i understand what you said in here

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29.07.2023

Talha | b62.io ~

Alpaslan Strangolante
indeed which also for btc saying that it would be ...

Appears so... 👍

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29.07.2023

sigmade

Talha | b62.io ~
Yes. To foster decentralization, O(1) Labs picked ...

good point bruv

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29.07.2023

sigmade

Alpaslan Strangolante
well we hope moooon for mina protocol

the rate was hitting the rock bottom for years now, i still hold but no big hopes- just a weekly price tracker for mina via @CoinCrackerBot in case it ever pumps

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29.07.2023

Gareth Davies

Talha | b62.io ~
Sure. Here: https://nakaflow.io/

This doesn't look accurate. Just a quick look at the staking ledger for the current epoch and the top 25 accounts (not 80) control 50.25% of the stake.

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31.07.2023

Talha | b62.io ~

Gareth Davies
This doesn't look accurate. Just a quick look at t...

Hmm. Thanks for correction. It means not Mina's decentralization level is not awesome but still good. I wonder why they calculated it like that? I'll ask the developers of that tool.

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31.07.2023

Talha | b62.io ~ · Accepted Answer

Hi. Mina is an open source blockchain. So, everyone can see everything on Mina blockchain. New tokens are added automatically based on the rules set in the tokenomics (https://minaprotocol.com/blog/mina-token-distribution-and-supply). To add new tokens on the network except the tokenomics, you need to fork the network with approval of Mina holders and define new token economy rules. In other words, you cannot go beyond the tokenomics in this link unless more than 50% of Mina holders approve it.

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