Cryptocurrency with accelerated and double halving

Cryptocurrency with accelerated and double halving

Cryptocurrency with accelerated and double halving

After discussions in the group of active members of the WebDollar Community, it was established that an accelerated double halving (one year earlier April 2021 instead of April 2022) is beneficial to the ecosystem. The idea was proposed to the founder, the decision to have this double halving was voted in the small community working group and then voted in the community public group. From 6000 WEBDs every 40 seconds, only 1500 WEBDs will be generated every 40 seconds.

The founder Ionut Budisteanu prepared a code for accelerated double halving, but with some additions, he personally decided that then he would not return to normal halving (every 4 years) but with a continuation of halving every 2 years. The coordinator of the active members of the community performed some simulations and it was found that this means that from year 9 a fixed reward must be used for the code made by the founder (because max supply is very high and the acceleration has the consequence of stretching by tens of thousands of years until exhaustion max supply). But, these aspects can be adjusted along the way, the important thing is that the double accelerated halving will take place.
The founder chose the block 2158000 (from this moment there are 4-5 days left, somewhere on April 15-16, 2021).

All full-nodes, exchanges and blockchain explorers must update to the latest version. On the other hand the founder did not test in a test network the code, said it is not needed, it is its assumption, so hopefully there will be no problems with live implementation.

Practically instead of 12.96 ml WEBD mined per day, only 3.24 ml WEBD per day will be mined, of which only 324 thousand per day on PoW rounds.
WebDollar will be much harder to obtain so theoretically it will increase its value.

Cryptocurrency with accelerated and double Halving
Cryptocurrency with accelerated and double Halving