MOAC Technical columns “Rewards program”

David Chen

Published in

MOAC

2 min readJun 12, 2018

MOAC Technical columns “Rewards program”

Target

MOAC’s rewards program aims to achieve the following objectives:

a) To provide the safety measures the system needs through the program

b) Attract more miners to mine using the MOAC system through the program, and ensure they are rewarded properly

c) Direct users use upper level sharding and sign contracts, so as to improve the TPS of the entire system.

Implementation

1. Benefits of lower-level mining.

Lower-level mining adopts the POS system. Most miners mine through their GPU. All nodes in aining are v-node. All miners shall provide their proof of work, and in exchange will receive 2 MOAC per block. The incentive will be reduced at regular intervals, resulting in a 50% reduction every two years. The miner meanwhile will collect a gas fee for each transaction.

The global contract transfer fee is increased specifically to encourage the use of subchains and sharding as much as possible for DAPP contract transfers.

The transfer fee is set low and halved regularly so as to be able to control the transfer cost when MOAC inflates.

2.Benefits of upper-level mining

Upper-level mining is managed on a consensus basis. All mining nodes are SCS. MOAC provides various consensus methods. Taking the standard POS, for instance:

The DAPP creator must mark the following parameters when creating a DAPP contract: