ZelayNetwork
  • 👋Welcome to Zelay Network
    • ZelayNetwork
    • The Working Principle of Zelay Network
    • Zelay Network的工作原理
    • Deflationary Model: The Core Driving Force of Zelay’s Economy
    • About Zelay
      • Welcome to Zelay
      • Introduction to Zelay
      • Zelay Network Goals
    • Tokens
      • ZEL Token Issuance Mechanism I
      • ZEL Token Issuance Mechanism II
    • Hashrate
      • ZEL Daily Hashrate Distribution
      • Hashrate mechanism and dynamic adjustment
    • Computing Power
      • Dynamic Adjustment of Computing Power Rewards
      • Consensus Computing Power Mechanism (Security, Momentum, Incentives)
    • Full Node G-Box-Z
    • The Future of Zelay Network
    • Thanks
  • 📚Tutorial / 教程
    • How to start Zelay Light Node
    • 🧑‍💻OTC Tutorial
    • OTC Guide
      • Download Nachain Wallet
    • How Purchase Zelay Light Node
      • Interactive blocks
        • OpenAPI
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  1. Welcome to Zelay Network
  2. Computing Power

Consensus Computing Power Mechanism (Security, Momentum, Incentives)

PreviousDynamic Adjustment of Computing Power RewardsNextFull Node G-Box-Z

Last updated 3 months ago

How Computing Power & Incentives Work in the System

  1. New Node Rewards

    • When someone joins the network with a new node (computer), they may receive a temporary boost in computing power.

    • The duration of this boost depends on an equation that considers the base computing power and token price.

    • If the result is positive, the new node gets a set number of days with double computing power to help them get started.

  2. Holding Tokens for Extra Power

    • If users hold their tokens without moving them, they earn bonus computing power over time.

    • The longer they hold, the bigger the bonus, up to 3x their original computing power.

    • But if they move or transfer the tokens, the counter resets, and they lose their accumulated bonus.

  3. Long-Term Holding for Voting Power

    • Users who hold tokens for months without transferring them also get more voting power in governance decisions.

    • Their voting limit increases every month, maxing out after 24 months.

    • If they move their tokens, the counter resets, and they lose their accumulated voting benefits.

This system encourages users to stay engaged, hold tokens, and contribute to the network’s security and efficiency.

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