Shares and Coins
The genesis block establishes a starting1
very large integer
number of shares, and a fixed number of coins. Assignment records in the blockchain are expressed in shares, while users2
normally would choose to
see a more friendly representation of coins. The number of shares outstanding changes with each block in the chain, usually slowly decreasing. The number of coins a user is holding is calculated as: the number of shares they are holding, divided by the total number of shares outstanding, multiplied by the number of coins established in the genesis block. As the number of shares outstanding decreases,3
when coins/shares are assigned, a small portion of the assigned shares do not go to the receivers but are removed from the outstanding shares, this is an incentive to hold the coins/shares and not un-necessarily grow the blockchain with frivolous assignments
every user's number of coins increases.4
an incentive to hold the coins and not un-necessarily grow the blockchain with frivolous assignments
Fixed point fractions
The fixed point fraction concept is likely to be replaced with the GMP multi-precision arithmetic library. To ensure repeatability across platforms, shares and coins arithmetic is carried out in fixed point integer, instead of floating point. The fixedFract data types include an 8 bit exponent which gives the range of shift left +127 (*2^127) to shift right -128 (/2^128).Some example shares and coins operations:
- Initial shares: 2^86
- Coins: 2^33 ~8.6 billion5Coins don't have to total to power of 2 operations, but when they do shift operations can be used instead of multiplication and division.
- Nanocoin: 1/2^30 coins
6Roughly one billionth of a coin - recording fees might be as low as one nanocoin per byte.- Shares Per Coin: N Shares / N Coins, in this example mantissa: N Shares, exponent: 2^-33
- Shares Per Nanocoin: N Shares / N Coins / 1^30, in this example mantissa: N Shares, exponent: 2^-63
- Number of shares charged to record a 2568 byte record: 2568 * N Shares >> 63
- Number of shares in 50 coins: 50 * N Shares >> 33
- N shares, expressed in coins: (N shares << 33) / N shares outstanding Thought: maybe instead of one coin per person in the world, we should target 100,000 coins per person in the world, which would be 2^50ish. Or, instead of trying to take on the world, we could, instead, target a set of shares to a smaller population, say 100,000 users per genesis block/blockchain, averaging 100,000 coin on the chainshares - this comes back around to the idea of ~10B coins again, or around 2^33 (~8.6B) - and then you'll need on the order of 80,000 value chains to serve the whole world population.
No Fractional Shares
2^86 is an extremely large number. Share calculations that produce fractional results are rounded to the nearest integer.
Assign Onward
27 May 2018 MIT License
Copyright (c) 2018 Assign Onward
Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:
The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.
THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE. - Nanocoin: 1/2^30 coins