mirror of https://github.com/zcash/zips.git
ZIP 1001: Editing to regularize all of the dev fund ZIPs.
Signed-off-by: Daira Hopwood <daira@jacaranda.org>
This commit is contained in:
Daira Hopwood
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::
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ZIP: unassigned
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Title: ZIP proposal Keep the block distribution as initially defined. 90% to miners
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Owner: unassigned
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Advocate: mistfpga (zcash forums) <steve@mistfpga.net>
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Category: Protocol
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Created: 2019-08-01
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License: CC BY-SA 4.0 (Creative Commons Attribution-ShareAlike 4.0) [1]
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Originally posted and discussed `on the Zcash Community Forum <https://forum.zcashcommunity.com/t/zip-proposal-keep-the-block-distribution-as-initaly-defined-90-to-miners/33843>`__.
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`RFC2119 <https://tools.ietf.org/html/rfc2119>`__. references will be in CAPS.
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**The key words include "MUST", "MUST NOT", "REQUIRED", "SHALL", "SHALL NOT", "SHOULD", "SHOULD NOT", "RECOMMENDED", "MAY", and "OPTIONAL"**
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For clarity in this ZIP defines these terms:
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- Mining software in the context of this zip refers to pool software, local mining software, or staking software.
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- Mining is defined as the action of processing transactions, so this include proof of stake, if zcash would switch to that.
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- Mining coins transferred via fees are considered rewards (infinite), coins generated via block generation are considered distribution (finite).
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- Block distribution is defined as the block reward - transaction fees.
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- Spirit is defined as what is the intended outcome of the zip.[2]
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- Initial promise is non neutral language referencing the block distribution rules as initially set out.[3]
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Abstract
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========
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The spirit of this zip is to is to ensure that the FR ends. It is not the intention of this zip to stop protocol based donations.
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It is a simplistic short zip.
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Hopefully it will be compatible with a number of other zips and can be worked into them.
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Out of Scope for this proposal
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==============================
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- Governance on how decisions are made, this ZIP is not meant to be used as a form of governance.
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- Future funding
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- It does not cover other donations or revenue streams.
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Motivation
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==========
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- The Founders Reward is set to expire in 2020.
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- To honour the initial promise of giving 90% of total block distribution to miners. Therefore the protocol giving them 100% of the block distribution after the first halving.
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Requirements
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============
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- The FR MUST end at the fist halving.
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- This zip SHOULD NOT preclude the ECC from sourcing funding elsewhere, or from donations.
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Specification
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=============
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- The existing Founders’ Reward consensus rules [4],[5] MUST be preserved.
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- Specifically, `FoundersReward(height) MUST equal 0 if Halving(height) >= 1` (For clarity once the halving happens the FR stops. as per the rules outlined in [4],[5])
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- This line of code is only meant to stop the FR not protocol based donations.
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- Enforcing some kind of mandatory donation via whatever mechanism would be seen as continuation of the FR.
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Implications to other users
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===========================
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- Block distribution payouts to FR addresses will need to be removed from the codebase. (I think this already happens though)
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- Pools and other software may need to make adjustments for this.
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Technical implementation
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========================
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- ?
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References
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==========
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[1] https://creativecommons.org/licenses/by-sa/4.0/
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[2] If there is contradiction between Spirit and any other part of the proposal that needs to be addressed. in the even it is not addressed Spirit is assumed to overrule all.
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[3] Cant find the document! the one with the graph in it. will update.
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[4] Section 7.7: Calculation of Block Subsidy and Founders Reward. Zcash Protocol Specification, Version 2019.0.0 [Overwinter+Sapling]
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[5] Section 7.8: Payment of Founders’ Reward. Zcash Protocol Specification, Version 2019.0.0 [Overwinter+Sapling]
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<!DOCTYPE html>
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<html>
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<head>
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<title>ZIP 1001: Keep the Block Distribution as Initially Defined -- 90% to Miners</title>
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<meta charset="utf-8" />
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<link rel="stylesheet" href="css/zip-style.css"><link rel="stylesheet" href="assets/css/style.css"></head>
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<body>
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<section>
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<pre>ZIP: 1001
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Title: Keep the Block Distribution as Initially Defined -- 90% to Miners
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Owner: mistfpga (zcash forums) <steve@mistfpga.net>
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Category: Consensus
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Created: 2019-08-01
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License: CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0/>
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Discussions-To: <https://forum.zcashcommunity.com/t/zip-proposal-keep-the-block-distribution-as-initaly-defined-90-to-miners/33843></pre>
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<section id="terminology">
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<h2>Terminology</h2>
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<p>The key words "MUST", "MUST NOT", "SHOULD", and "SHOULD NOT" in this document are to be interpreted as described in RFC 2119. <a href="#rfc2119" id="id1" class="footnote_reference">2</a></p>
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<p>For clarity this ZIP defines these terms:</p>
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<ul>
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<li>Mining software in the context of this ZIP refers to pool software, local mining software, or staking software.</li>
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<li>Mining is defined as the action of processing transactions, so this would include proof of stake, if Zcash would switch to that.</li>
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<li>Mining coins transferred via fees are considered rewards (infinite), coins generated via block generation are considered distribution (finite).</li>
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<li>Block distribution is defined as the block reward minus transaction fees. [Editor note: the protocol specification uses "block subsidy".]</li>
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<li>Spirit is defined as what is the intended outcome of the ZIP. <a href="#spirit" id="id2" class="footnote_reference">1</a></li>
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<li>Initial promise is non-neutral language referencing the block distribution rules as initially set out. <a href="#funding" id="id3" class="footnote_reference">3</a></li>
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</ul>
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<table id="spirit" class="footnote">
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<tbody>
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<tr>
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<th>1</th>
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<td>If there is contradiction between Spirit and any other part of the proposal that needs to be addressed, in the event it is not addressed Spirit is assumed to overrule all.</td>
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</tr>
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</tbody>
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</table>
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</section>
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<section id="abstract">
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<h2>Abstract</h2>
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<p>The spirit of this ZIP is to is to ensure that the Founders’ Reward ends. It is not the intention of this ZIP to stop protocol-based donations.</p>
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<p>It is a simple short ZIP.</p>
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<p>Hopefully it will be compatible with a number of other ZIPs and can be worked into them.</p>
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</section>
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<section id="out-of-scope-for-this-proposal">
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<h2>Out of Scope for this Proposal</h2>
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<ul>
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<li>Governance on how decisions are made; this ZIP is not meant to be used as a form of governance.</li>
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<li>Future funding.</li>
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<li>It does not cover other donations or revenue streams.</li>
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</ul>
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</section>
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<section id="motivation">
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<h2>Motivation</h2>
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<ul>
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<li>The Founders’ Reward is set to expire in 2020.</li>
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<li>To honour the initial promise of giving 90% of total block distribution to miners. Therefore the protocol will give them 100% of the block distribution after the first halving.</li>
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</ul>
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</section>
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<section id="requirements">
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<h2>Requirements</h2>
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<ul>
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<li>The Founders’ Reward MUST end at the first halving in October 2020.</li>
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<li>This ZIP does not preclude the Electric Coin Company from sourcing funding elsewhere, or from donations.</li>
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</ul>
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</section>
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<section id="specification">
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<h2>Specification</h2>
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<ul>
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<li>The existing Founders’ Reward consensus rules <a href="#spec-subsidies" id="id4" class="footnote_reference">4</a> <a href="#spec-foundersreward" id="id5" class="footnote_reference">5</a> MUST be preserved.</li>
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<li>Specifically, <code>FoundersReward(height)</code> MUST equal <code>0</code> if <code>Halving(height) >= 1</code>. (For clarity once the halving happens the Founders’ Reward stops, as per the rules outlined in <a href="#spec-subsidies" id="id6" class="footnote_reference">4</a> and <a href="#spec-foundersreward" id="id7" class="footnote_reference">5</a>.)</li>
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<li>This specification is only meant to stop the Founders’ Reward, not protocol-based donations.</li>
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<li>Enforcing some kind of mandatory donation via whatever mechanism would be seen as continuation of the Founders’ Reward.</li>
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</ul>
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</section>
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<section id="implications-to-other-users">
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<h2>Implications to other users</h2>
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<ul>
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<li>Block distribution payouts to Founders’ Reward addresses will cease at the first halving.</li>
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<li>Pools and other software need to take this into account.</li>
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</ul>
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</section>
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<section id="technical-implementation">
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<h2>Technical implementation</h2>
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<p>This ZIP requires no changes to current consensus implementations.</p>
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</section>
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<section id="references">
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<h2>References</h2>
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<table id="rfc2119" class="footnote">
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<tbody>
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<tr>
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<th>2</th>
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<td><a href="https://tools.ietf.org/html/rfc2119">Key words for use in RFCs to Indicate Requirement Levels</a></td>
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</tr>
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</tbody>
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</table>
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<table id="funding" class="footnote">
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<tbody>
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<tr>
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<th>3</th>
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<td><a href="https://electriccoin.co/blog/funding/">Zcash blog: Funding, Incentives, and Governance. February 1, 2016</a></td>
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</tr>
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</tbody>
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</table>
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<table id="spec-subsidies" class="footnote">
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<tbody>
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<tr>
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<th>4</th>
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<td><a href="protocol/protocol.pdf#subsidies">Zcash Protocol Specification, Version 2019.0.8 exactly. Section 7.7: Calculation of Block Subsidy and Founders Reward</a></td>
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</tr>
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</tbody>
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</table>
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<table id="spec-foundersreward" class="footnote">
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<tbody>
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<tr>
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<th>5</th>
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<td><a href="protocol/protocol.pdf#foundersreward">Zcash Protocol Specification, Version 2019.0.8 exactly. Section 7.8: Payment of Founders’ Reward</a></td>
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</tr>
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</tbody>
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</table>
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</section>
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</section>
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</body>
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</html>
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::
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ZIP: 1001
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Title: Keep the Block Distribution as Initially Defined -- 90% to Miners
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Owner: mistfpga (zcash forums) <steve@mistfpga.net>
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Category: Consensus
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Created: 2019-08-01
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License: CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0/>
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Discussions-To: <https://forum.zcashcommunity.com/t/zip-proposal-keep-the-block-distribution-as-initaly-defined-90-to-miners/33843>
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Terminology
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===========
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The key words "MUST", "MUST NOT", "SHOULD", and "SHOULD NOT" in this document
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are to be interpreted as described in RFC 2119. [#RFC2119]_
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For clarity this ZIP defines these terms:
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* Mining software in the context of this ZIP refers to pool software, local
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mining software, or staking software.
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* Mining is defined as the action of processing transactions, so this would
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include proof of stake, if Zcash would switch to that.
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* Mining coins transferred via fees are considered rewards (infinite), coins
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generated via block generation are considered distribution (finite).
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* Block distribution is defined as the block reward minus transaction fees.
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[Editor note: the protocol specification uses "block subsidy".]
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* Spirit is defined as what is the intended outcome of the ZIP. [#spirit]_
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* Initial promise is non-neutral language referencing the block distribution
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rules as initially set out. [#funding]_
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.. [#spirit] If there is contradiction between Spirit and any other part of
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the proposal that needs to be addressed, in the event it is not addressed
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Spirit is assumed to overrule all.
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Abstract
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========
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The spirit of this ZIP is to is to ensure that the Founders’ Reward ends.
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It is not the intention of this ZIP to stop protocol-based donations.
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It is a simple short ZIP.
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Hopefully it will be compatible with a number of other ZIPs and can be
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worked into them.
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Out of Scope for this Proposal
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==============================
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* Governance on how decisions are made; this ZIP is not meant to be used as
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a form of governance.
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* Future funding.
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* It does not cover other donations or revenue streams.
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Motivation
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==========
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* The Founders’ Reward is set to expire in 2020.
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* To honour the initial promise of giving 90% of total block distribution to
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miners. Therefore the protocol will give them 100% of the block distribution
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after the first halving.
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Requirements
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============
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* The Founders’ Reward MUST end at the first halving in October 2020.
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* This ZIP does not preclude the Electric Coin Company from sourcing funding
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elsewhere, or from donations.
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Specification
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=============
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* The existing Founders’ Reward consensus rules [#spec-subsidies]_
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[#spec-foundersreward]_ MUST be preserved.
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* Specifically, ``FoundersReward(height)`` MUST equal ``0`` if
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``Halving(height) >= 1``. (For clarity once the halving happens the
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Founders’ Reward stops, as per the rules outlined in [#spec-subsidies]_
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and [#spec-foundersreward]_.)
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* This specification is only meant to stop the Founders’ Reward, not
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protocol-based donations.
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* Enforcing some kind of mandatory donation via whatever mechanism would
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be seen as continuation of the Founders’ Reward.
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Implications to other users
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===========================
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* Block distribution payouts to Founders’ Reward addresses will cease at
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the first halving.
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* Pools and other software need to take this into account.
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Technical implementation
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||||
========================
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This ZIP requires no changes to current consensus implementations.
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References
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==========
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.. [#RFC2119] `Key words for use in RFCs to Indicate Requirement Levels <https://tools.ietf.org/html/rfc2119>`_
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.. [#funding] `Zcash blog: Funding, Incentives, and Governance. February 1, 2016 <https://electriccoin.co/blog/funding/>`_
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.. [#spec-subsidies] `Zcash Protocol Specification, Version 2019.0.8 exactly. Section 7.7: Calculation of Block Subsidy and Founders Reward <protocol/protocol.pdf#subsidies>`_
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.. [#spec-foundersreward] `Zcash Protocol Specification, Version 2019.0.8 exactly. Section 7.8: Payment of Founders’ Reward <protocol/protocol.pdf#foundersreward>`_
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