Proposals of #26

Adjust blocks per year parameter to match block times

Exec Legacy Content
passed
Expected result
Turnout / Quorum
34.23% / 20.00%
Voting start 2022.04.26 at 03:04:15
Voting end 2022.04.29 at 03:04:15
99.94%
274 992 622 stars
Yes
0.02%
55 875 stars
No
0.00%
2 938 stars
Veto
0.04%
105 668 stars
Abstain

Details

Proposer
-
Total deposit
1 000 stars
Submit time
2022.04.26 at 03:04:30
Deposit end time
2022.05.10 at 03:05:30

Description

Proposal Details The Stargaze network is producing blocks slower than the initial estimate of 5.5 seconds per block that was set at genesis. The original calculation was to mint 1B STARS over 5,737,588 blocks/year at 5.5sec/block. The current network performance is ~6.05sec/block. This proposal is to adjust the blocks per year parameter to be in line with the 6.05sec block time. This block time wascalculated over the last 100,000 blocks. This will equate to an approximate 10.14% increase in STARS minted per block to help the network achieve the goal of minting 1B STARS in year 1. This proposal has the backing of the Stargaze team.

More information is available to review at https://commonwealth.im/stargaze/discussion/3784-proposal-to-decrease-the-blocks-per-year-parameter

Votes

Voter
Answer