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4.5 SatoshiChain Configurations
- An IBFT PoS with built-in systems contracts will be used as a core consensus algorithm by SatoshiChain.
- 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.