Block Producers and Rewards

Block Producers

There are three types of Block Producers with none of them owning more than 50% of the total at any point in time. 3,000,000 XLGs will be required to be staked and locked to become a Block Producer.

Community Block Producers: Strategically selected entities such as government agencies, strategic corporate enterprises, and education organisations. They do not have access to the proprietary Ledgerium services platform that provides identity, file service and other features. They will account for 40% of total Block Producers.

Enterprise Block Producers: Available and open to enterprises and corporations that stakes and locks in a 3,000,000 XLGs. Unlike Community nodes, they have access to the proprietary Ledgerium services platform that provides identity, file service and other features. 40% of total Block Producers will be running as Enterprise Block Producers.

Ledgerium Foundation: Full access to all proprietary Ledgerium service platforms that provides identity, file service and other features. 20% of total Block Producers will be held by Ledgerium Foundation

New Community and Enterprise Block Producers can only be added with a majority consensus approval from the Ledgerium Foundation and existing Enterprise nodes, which makes this is a highly selective process. This ensures there is the correct ratios of nodes, where no one type of node has more than 50% of overall, therefore maintaining the integrity of the overall ecosystem.

For Ledgerium ecosystem to operate at an optimal level, a minimum of 21 Block Producers and a maximum of 100 Block Producers will be maintained at any time. Anything less than 21 Block Producers would easily compromise the integrity of the system while anything more than 100 would create inefficiencies and slow down the overall system.

Block Rewards

Block Rewards are distributed to Block Producers who have staked their XLGs and add blocks to the Ledgerium Blockchain. A block is added every 5 seconds by the Block Producers in a round robin fashion and as such will be given XLGs multiplied by the Block Rewards Multiplier. The schedule of the Block Rewards Multiplier is as follow and diminishes by 20% annually up to 61 years at which there will be no more Block Rewards.

Block Rewards Multiplier Schedule