Zilliqa

Time factors

Protocol timeHuman readable time

Protocol time 1

Block

30 seconds

Protocol time 2

Cycle (= 2,200 blocks)

18.33 hours

First reward delay

1 cycle

18.33 hours

Reward frequency

End of every cycle

18.33 hours

Unbonding period

30,800 blocks

14 days

  • Block times are not fixed. Cycles have been clocking closer to 24 hours.

Lifecycle

Must know before staking

Minimum stake amount

10 ZIL

Partial stake changes

Partial reward withdrawal

Compounding

Penalty

Slashing

Advanced topics

General

  • The protocol uses staking to incentivize seed node operators. Seed nodes serve as the access point to the protocol, forwarding transactions received from users.

    • Seed nodes do not participate in the network’s consensus.

  • Delegators can transfer their entire stake and rewards to a new address without waiting for the unbonding period by requesting a RequestDelegatorSwap.

Rewards

  • Rewards come from newly issued tokens.

    • Fixed issuance per every 100 blocks. The protocol issues 204,000 of new tokens. 60% is distributed to the miners securing the protocol. The remaining 40% gets distributed to the staked seed nodes and their delegators.

  • Factors that impact realized rewards.

    • Commissions.

Risks

  • The protocol does not have any penalties or slashing mechanism.

Validators

Total validator cap

30

Validator requirements

10,000,000 ZIL

Resources

Last updated