The number of Bytom 2.0 nodes that users can vote for is 10, thus increasing the APR with a maximum of 10%-15%.
Secondly, users don’t have to worry about whether there is a new threshold for voting. Bytom 2.0 will completely retain the voting method from Bytom 1.0, and voters only need to [Open Bycoin] > [Voting] > [Select Node] > [Input Quantity] > [Confirm].
Bytom 2.0 will be launched in August as it will change from the mainchain & sidechain architecture to a unified platform. Vapor, the sidechain will gradually withdraw from history, and Bytom team will no longer maintain the sidechain, and no longer inject subsequently fixed block production rewards.
According to Bytom Foundation Consensus Node Reward Plan 2020, Vapor fixed block rewards of the year 2020 will stop until the block height: 126144000 (expected on 2021.08.02), and Bytom Foundation will stop fixed income distribution from the end of the day, the trading fee income will be distributed as usual.
Key points:
1. Bytom Foundation Consensus Node Reward Plan 2020 is expected to stop on August 2, 2021 (subject to the actual block height).
2. After stopping node rewards, users can choose to cancel voting. (21-day staking period)
3. After Bytom 2.0 consensus node is launched, users can vote to obtain node rewards (the total reward amount for 2021–2022 is 30,000,000 BTM)
4. The node reward plan will be adjusted once a year.
