There is one: Universal Dividend. It is determined during the writing of a new Block, and is written in it (UniversalDividend
field). Only some blocks may contain this field. Furthermore, amount is deterministicly computed, so a block with wrong amount will be refused.
NB.: I notice I havn’t written this part in the protocol yet!
When a UD is issued, every member may send a new transaction with an amount equaling this UD: here are brand new coins
With this message, you should have understood that “new coins” becomes real through a 2 steps process:
- New block is emitted with
UniversalDividend
in it - Transactions are emitted pointing to this UD
The amount is the same for all members at t
time, it does not depend on when he “enters” (because a member may join, leave, and the join again). Amount is computed using this formula:
UD(t+1) = MAX(UD(t) ; c * M(t) / N(t+1) )
Transactions will be in the blockchain. As said in my previous post, website has to be updated to match the protocol. Prefer reading it rather than website to get the best informations.