From 79a6d7e0dee736a034b5224109c15ad16fbe9b40 Mon Sep 17 00:00:00 2001 From: Matt Smith Date: Sun, 23 Jul 2017 11:20:01 +0100 Subject: [PATCH] Create tail emission Moneropedia entry Fix #106 --- resources/moneropedia/tail-emission.md | 21 +++++++++++++++++++++ 1 file changed, 21 insertions(+) create mode 100644 resources/moneropedia/tail-emission.md diff --git a/resources/moneropedia/tail-emission.md b/resources/moneropedia/tail-emission.md new file mode 100644 index 00000000..aaecb735 --- /dev/null +++ b/resources/moneropedia/tail-emission.md @@ -0,0 +1,21 @@ +--- +layout: moneropedia +entry: "Tail Emission" +terms: ["Tail-Emission"] +summary: "the block reward at the end of the emission curve" +--- + +### The Basics + +Monero block rewards will never drop to zero. Block rewards will gradually drop +until tail emission commences at the end of May 2022. At this point, rewards +will be fixed at 0.6 XMR per @block. + +### Why + +Miners need an incentive to mine. Because of the dynamic blocksize, competition +between miners will cause fees to decrease. If mining is not profitable due to +a high cost and low reward, miners lose their incentive and will stop mining, +reducing the security of the network. + +Tail emission ensures that a dynamic block size and fee market can develop.