mirror of https://github.com/zcash/zips.git
Specify halving height precisely in spec, and numerically in motivation
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@ -26,9 +26,9 @@ Motivation
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==========
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Since the launch of the Zcash network, the consensus rules have required that until the first block reward
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Since the launch of the Zcash network, the consensus rules have required that until the first block reward
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halving, each block must send 20% of the block subsidy to a hard-coded transparent address. [#block-subsidy]_
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halving (at block 850,000), each block must send 20% of the block subsidy to a hard-coded transparent address.
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This stream of 2.5-ZEC outputs (the value after the mining slow-start was completed) can be split into three
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[#block-subsidy]_ This stream of 2.5-ZEC outputs (the value after the mining slow-start was completed) can be
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logical funding streams: [#continued-funding]_
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split into three logical funding streams: [#continued-funding]_
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- (73.7%) The Founders' Reward stream
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- (73.7%) The Founders' Reward stream
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- (14.4%) The Zcash Foundation Endowment stream
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- (14.4%) The Zcash Foundation Endowment stream
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@ -81,13 +81,13 @@ Stream definitions
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The three logical funding streams described above each start at the Blossom activation height, and end at the
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The three logical funding streams described above each start at the Blossom activation height, and end at the
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first block reward halving. They are defined as follows:
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first block reward halving. They are defined as follows:
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======== ================ ================== ==========
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======== ================ ================== ================================
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Stream Value (zatoshis) Start height End height
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Stream Value (zatoshis) Start height End height
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======== ================ ================== ==========
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======== ================ ================== ================================
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FR 184250000 Blossom activation 850000
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FR 184250000 Blossom activation SlowStartShift + HalvingInterval
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ZF E 36000000 Blossom activation 850000
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ZF E 36000000 Blossom activation SlowStartShift + HalvingInterval
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ZECC SR 29750000 Blossom activation 850000
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ZECC SR 29750000 Blossom activation SlowStartShift + HalvingInterval
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======== ================ ================== ==========
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======== ================ ================== ================================
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- To-do: specify the correct values.
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- To-do: specify the correct values.
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- To-do: specify the correct start height.
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- To-do: specify the correct start height.
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