Search the Community

Showing results for tags 'ddkhalving'.

More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


    • DDK Core Announcement
    • System Update/New Release
    • DDK Foundation
    • Complaints/Reports
    • Introduce Yourself
    • Public Global Discussion
    • Event, Education & Awareness Program
    • News, Article and PR Media Channels
    • General Community Feedback / Proposal
    • Ask Anything About DDkoin
    • Post Anything About DDKoin
    • Help and Tutorials
    • Resources and Downloads
    • Bounty Program
    • Airdrop Rewards (ARP)
    • General Discussion of Bitcoin and Altcoins
    • New ICO / STO / IEO
    • Trading and Speculation

Find results in...

Find results that contain...

Date Created

  • Start


Last Updated

  • Start


Filter by number of...


  • Start



About Me





My DDK Address

My BTC Address

My Ethereum Address

Found 1 result

  1. Staking is I guess the best thing that ever happened in blockchain and cryptocurrency. Revolutionizing the usual mining of cryptocurrency which require deep technical knowledge and computing power to solve complicated algorithmic puzzle. To better understand the difference between mining and staking, you may refer to the link pasted below: Advantages of Staking&text=The amount of coins grows,machines to participate in staking. Understand that although we said staking or proof of stake revolutionize the reward allocation and distribution of incentives to all stakeholders, it has also a share of disadvantages. As mentioned in the article, you automatically lock your funds and can't withdraw if you immediately need it. But I guess this is advantage to majority whose money are just sitting in Banks waiting to be devalued (well this is another interesting topic to discuss). Overall, the advantages of staking outweigh its disadvantage. Literally, staking is making your money work for you while you sleep. With the DDK, the staking reward and scale was predefined as shown in the image below. As we all notice the rewards is in a descending pattern until all the 41 Million DDKoin are issued or are all considered circulating supply. This pattern is called DDK halving. It is a process that reduces the issuance rate of the staking rewards at a certain period or block. In the reward scale below, staking rewards which started at 10% reduce by two percent after a year and decreases two more percent every six months until it reached 2% which will the prevailing rate until all DDK are issued. The big question is that, WHY IS IT THAT IT WAS IN AUGUST 2018 THAT DDK BLOCKCHAIN MAINNET WAS LAUNCH AND WAS THEN STARTED ISSUING 10% STAKING REWARDS IS STILL ISSUING THE SAME RATE EVEN AFTER NEARLY TWO YEARS (this August 2020)? Is it a misrepresentation on the part of the management? Is the smart contract not delivering what was specified in all documents specifically the whitepaper? The answer is No, the management will never misrepresent and has been true to their commitment in delivering all that was said. The content of the documentation has also been consistent with what is being delivered. Then why was 10% staking reward was extended up to two years and when will the halving or block reduction will really happen? To answer the question, we have to understand that the period (one year or six months) reflected in the reward scale for staking should be translated to number of blocks so that halving should happen in very specific time and manner. Before we can answer as to when the next halving is projected to happen, we should learn to translate one-year to a number of blocks. In many documentation it was shown this computation. 1 Block = 10 seconds 1 Minute (60 seconds) = 6 blocks 1 Hour (60 minutes) = 360 blocks 1 Day (24 Hours) = 8,640 blocks For 1 Year (365 Days) = 3,156,000 blocks Hence the 1st DDK Block Halving will occur once the block reached 3,156,000 block. Please refer to this document: As of 9:00 PM yesterday (14th of June 2020), the current block is at 2,412,684. That is already 76.45% of 3,156,000 blocks. At the current average daily rate of 0.17% increase in number of blocks, it is expected or projected that DDK Halving will happen in 5th of November 2020. This might possibly change depending on the number of transaction being done by all the stakeholders. Below is the the performance of blocks created and the projection done. What is then the possible reason that it took more than two years for the halving to happen? The DDK CORE 1.0 runs a transaction performance of 250 transactions per 10 seconds per block using real-time voting combined with a social system of reputation to achieve the consensus. At the current rate though, the average transaction done per minute is only ranging from 3-4 transaction per minute. I have pasted an example of number of transactions done in 1 minute. Only 3 transactions was done at 10:04 PM, between 10:03 PM and 10:05 PM. We are not therefore maximizing the power of the DDK Core. The main driver therefore is how the community actively transact and make DDK an enticing assset in the crypto world. The power is in our hands. We create opportunities. Although the incoming halving will reduce our gains, it will also reduce the potential circulating supply in the market and we can all work together to create demand and we expect that halving will reduce the supply, then it is a very good formula to increase the value of DDK. In the end, what we have work hard for will be beneficial to all of us. After all, with DPOS we have simply done staking, voting, gaining and staking cycle. Keep staking, Z