min to read

2019-10-01 19:54:48




News

Stellar developers will disable the XLM inflation mechanism

protocol update

min to read

2019-10-01 19:54:48

The representatives of the Stellar Development Foundation (SDF) announced that they would remove the inflation feature in the upcoming protocol update as the users do not use it for the intended purpose. In their view, it will also lead to a scaling problem in the future.

The representatives of the Stellar Development Foundation (SDF) announced that they would remove the inflation feature in the upcoming protocol update as the users do not use it for the intended purpose. In their view, it will also lead to a scaling problem in the future.

 

 

The SDF recalled that the weekly XLM tokens generated (1% per year) were intended to support Projects on the Stellar network by voting among users. Most users are pooled to receive payments to their accounts, rather than vote for useful projects.

 

"Every week, the protocol creates new XLM. Every week, most tokens are sent to individual account holders or SDF," Stellar's developers wrote.

 

The SDF has invited validators to install a new version of the protocol. The network will be updated on October 28 at 6:00 p.m. (Rome)

 

If there is no consensus on the update, the developers will re-incorporate the inflation feature in the next version.

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