Skip to content

dev-fund.md

Latest commit

 

History

History
47 lines (35 loc) · 1.75 KB

dev-fund.md

File metadata and controls

47 lines (35 loc) · 1.75 KB
Raw

BLOZ Development & Growth Fund

From block 1500, every Block Zero block contributes a share of the block subsidy to the public Development & Growth Fund. The fund pays for infrastructure (seeds, pool, explorer, bridge), development, and growth initiatives.

How it works

  • The fund is deducted from the existing 50 BLOZ block subsidy — no extra coins are created, total supply and emission stay exactly the same.

  • Default contribution: 20% of the subsidy (10 BLOZ per block).

  • Consensus minimum: 10%. Miners can lower their contribution to 15% or 10% with the -devfundpercent option:

    bitcoind -devfundpercent=15

    Values below 10 are raised to the consensus minimum automatically.

  • Transaction fees are not touched — they go to the miner in full.

  • Fund address (P2WPKH, watchable by everyone):

    bz1qmv7lyweytwy807f6yq78zfvhh5ye5y2y0x2gfl

Consensus rule

From block 1500, a coinbase that pays less than 10% of the subsidy to the fund address is invalid (bad-cb-devfund) and will be rejected by upgraded nodes. This is a coordinated flag-day upgrade like SegWit@413:

Every node and miner MUST upgrade to v1.0.0-rc11 (or later) before block 1500, otherwise it forks off the network.

getmininginfo shows the fund status (devfund object: active flag, activation height, minimum and configured percentage, fund address). getblocktemplate reports the required fund output (devfund: script + value) for pool software; coinbasevalue is the miner share after the deduction.

Pool miners

Nothing to do — the pool includes the fund output in the blocks it builds. Pool shares and payouts are unaffected; the deduction comes out of the block subsidy before payout distribution, like for solo miners.