Chain Parameters

Inflation

• Inflation initial = 2.8% per year
• Inflation minimum = 2.8%
• Inflation maximum = 10%
• Inflation change rate = 10%
• Bonded goal = 67%

Inflation is infinite until decided otherwise by on-chain governance. This means that the larger your stake is in the BitCanna network, the more say you have in changing the chain parameters by voting. This is a big change in regards to our previous network; 420M is practically no longer the MAX supply, but theoretically could be as a result of on-chain voting.

Staking

Don’t know what staking is? Head here.

• Unbonding time = 14 days
• Max validators = 100
• Gas price = 0.001ubcna*****

*****Don't know what ubcna is? Read about it in the FAQ here.

Slashing

Don’t know what slashing is? Head here.

• Jailing after failing to sign blocks for consecutively = 24 hours
• Balance slashing for downtime = 0.5%
• Balance slashing for double signing = 5%
• Jail duration = 600 seconds