Zilliqa
Time factors
Protocol time | Human 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
Zilliqa documentation: https://dev.zilliqa.com/
Zilliqa explorer: https://viewblock.io/zilliqa
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