4.5 SatoshiChain Configurations

  • The average block time is expected to be 2 seconds.
  • Initially, 21 nodes will be running to comply with BFT (Byzantine Fault Tolerance).
  • Block size will be dynamic and decided by the Validator set. The initial block gas limit is 30,000,000.
  • The expected number of validator nodes in the chain will be 21 at a minimum.
  • Any account staking more than 10,000,000 $SC tokens and passing the community authority and authentication, will be allowed to join the Validator Set.
  • SatoshiChain has pre-deployed contracts for staking. This allows for the staking of $SC tokens, providing rewards to holders.
  • If the block is not produced or accepted within the expected time, the next validator would take over the proposer duty.
  • There is no newly minted block reward for block production.
  • All transaction fees will be valued in either $SAT or $SC.