{"id":337,"date":"2023-11-22T11:24:37","date_gmt":"2023-11-22T11:24:37","guid":{"rendered":"http:\/\/10.0.1.147\/?page_id=33"},"modified":"2024-07-02T13:01:59","modified_gmt":"2024-07-02T13:01:59","slug":"developers-inflation","status":"publish","type":"page","link":"https:\/\/www.hashcashconsultants.com\/developers-inflation\/","title":{"rendered":"Developers Inflation"},"content":{"rendered":"
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Inflation<\/h3>\n

The HC Net distributed network has a built-in, fixed, nominal inflation<\/a> mechanism. New HCX are added to the network at the rate of 1% each year. Each week, the protocol distributes these HCX to any account that gets over .05% of the \u201cvotes\u201d from other accounts in the network.<\/p>\n<\/div>\n

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How inflation voting works<\/h3>\n

Using the set options operation, every account selects another account as its inflation destination<\/strong>, or nominee to receive new currency. The inflation destination will persist until changed with another set options operation.<\/p>\n

Voting is weighted according to the number of HCX the voting account holds. For example, if account A has 120 HCX and sets its inflation destination to B, the network counts 120 votes for B.<\/p>\n

The distribution of new HCX is limited to once a week. Inflation is run in response to an inflation operation that anyone can submit to the network. This operation will fail if the inflation sequence number isn\u2019t one after the last sequence number. It will also fail if (sequence number * 1 week) of time hasn\u2019t elapsed since the network start date.<\/p>\n

Each time inflation is run, the HCX used to pay transaction fees<\/a> since the last voting round are also included in the total HCX distributed.<\/p>\n

When inflation is run, nodes carry out the following algorithm:<\/strong><\/p>\n