Proposal Number 30 aims to adjust the production of blocks per year parameter.
Currently the variable named ‘blocks per year’ is set at 4,855,015, which means that every 6.5 seconds a new block is being produced. However, if you have a look at the historical data, the average block time is at around 7.29 seconds, which ‘leads to the stated inflation rate of the cosmos hub to not match reality.’
How to fix the issues
According to the author the solution would be to fine tune and set a specific value, which is as close as possible to the future block throughput for the cosmos hub.
Everstake votes in favor
Our team agrees with the author and sees more benefit in fixing this issue than just leaving it how it is. It is essential for a blockchain network to provide reliable and valid data. For Investors as well as network validators the inflation rate is an essential metric to conduct economic calculations. It should be in our best interest to be able to display the inflation rate as accurate as possible. In our opinion benefits outweigh possible risks in this situation and that is why we voted in favor of Proposal #30.
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