Zilliqa
Last updated
Last updated
| Protocol time | Human readable time | |
|---|---|---|
Block times are not fixed. Cycles have been clocking closer to 24 hours.
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 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.
The protocol does not have any penalties or slashing mechanism.
Zilliqa documentation: https://dev.zilliqa.com/
Zilliqa explorer: https://viewblock.io/zilliqa
Minimum stake amount
✅
10 ZIL
Partial stake changes
❌
Partial reward withdrawal
❌
Compounding
❌
Penalty
❌
Slashing
❌
Total validator cap
✅
30
Validator requirements
✅
10,000,000 ZIL
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