POSW locking more coins that required

Minings
#1

With the recent Mainnet upgrade (staking requirement and block value reduction) I have noticed a bug, where POSW function is locking more coins than it is actually required. Actually network is locking coins like before mainnet upgrade.

For example before Mainnet upgrade, on chain1 I have 110K QKC and i found 5/5 POSW blocks. Still I am able to withdraw 10K QKC from wallet because they are not used in staking.

After mainnet upgrade, I have 100k QKC on wallet, chain1, and i found 5/5 POSW blocks. Chain should lock 88K QKC and 12K should be unlocked and available for transfer but its not. Mainnet is locking 100K QKC!

#2

Yes. Here is a little confusing.

The reason is that total stake per block is not changed, but you can get more PoSW blocks with the same amount coins. If you stake 105.6K you can get 6 PoSW blocks.

#3

Thanks for quick replay. Its its clear.

#4

The intended behavior should have “locked token” = “PoSW required token”. However, we do find this mismatch and will fix this issue in the next upgrade.

#5

Great ! Thanks for update.

#6

Dear Dr. Zhou, I started to mine ROOT chain again, to see that staking requirement is not reduced from 1M to 880K QKC. With 17.6M coins locked I have only 17 POSW blocks instead of 20.

Looking forward your comments

#7

Oh I just read medium article for block reward reduction.

QuarkChain’s unique PoSW staking and mining mechanism enhances the security of the entire network. With the reduction of output, the number of staking tokens in the root chain will remain unchanged and the number of staking tokens in shards has also dropped to 88% of that of the previous year.

1 Like
#8

Yes, you got it! We may have a better plan for it as according to our current emission schedule, we will not reach 10B total supply if time goes to infinity :slight_smile: