Xelis is making a significant adjustment to its development funding model, aiming to bolster miner incentives while maintaining the integrity of its decentralized network. This strategic move is set to take effect once the blockchain reaches a milestone of block height 3,250,000. The source notes that this change is expected to enhance overall network performance and sustainability.
Reduction of Development Funding Fee
The development funding fee will be reduced from 10% to 5% of each block reward, a change that is expected to enhance the profitability for miners. By lowering this fee, Xelis aims to create a more attractive environment for mining activities, which is crucial for the network's security and efficiency.
Commitment to Sustainable Funding
This reduction is not just about increasing miner rewards; it also reflects Xelis's commitment to sustainable funding for its ongoing development. The protocol seeks to ensure that it remains independent and self-sufficient, allowing for continued innovation without compromising its decentralized nature. As the blockchain community watches closely, this move could set a precedent for other projects looking to balance funding and decentralization.
The recent adjustments in Xelis's funding model come as the Kaspa network has successfully completed a crowdfunding campaign, raising 70 million KAS for its DAGKnight upgrade. For more details, see more.
