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I’ve got here throughout some articles arguing that it’s a good suggestion to haven’t any block reward in any respect, however I battle to grasp, how this is able to work.
I perceive that the inducement for miners could be simply transaction charges; however how new cash could be created? Even when there could be no new cash as a precept – the place any cash come from? From some preliminary section of PoW mining/another preliminary distribution? In that case, does not it give to a lot benefit for the early nodes (and due to this fact discourage others to affix)?
requested 2 days in the past
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how new cash could be created? Even when there could be no new cash as a precept – the place any cash come from? From some preliminary section of PoW mining/another preliminary distribution?
Cash could be created the identical approach as right now: from coin base transactions. That coin base transactions embrace charges and rewards, solely charges (in a distant future), or solely rewards (previously), makes not a lot distinction.
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You must hyperlink the articles for context. We are able to solely speculate in any other case in regards to the views expressed in them.
In a PoW system, cash are introduced into circulation by the block subsidy. When you begin at genesis with no subsidy, there could be no cash, and transactions couldn’t exist.
answered yesterday
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