Chain Parameters

Inflation

Don't know how inflation parameters work? This article explains it for Cosmos' blockchain.

• 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 all about it 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