When the rewards for mining Kaspa blocks come to an end, the transaction fees will become the new source of income for miners. This was announced in a recent post published on February 8th, 2022, along with the full emission schedule.
The end of blockchain emissions, also known as the stop in the production of new tokens or coins, can occur for various reasons. In Kaspa’s case, it’s because the blockchain has reached its maximum supply limit specified in its code. This means that miners will have to look for other ways to earn rewards, such as through transaction fees.
Kaspa’s consensus mechanism is designed to last, with no plans to switch to a different method. Even after emissions end, miners will still be needed to secure the network and will be rewarded with transaction fees for their services.
The Kaspa blockchain has a maximum block reward that will be equivalent to a specific value calculated by a formula, which takes into account the block production rate and transaction fees. This value will be reached by the end of the 14th year of Kaspa emission.
For those who are curious about how these numbers are calculated, the post provides a detailed breakdown. It explains that the maximum single-block reward in Kaspa is determined by factors such as the transaction fee, the number of unspent transaction outputs (UTXOs), the number of transactions, and the block production rate.
In summary, when Kaspa reaches the end of emissions, miners will be rewarded with transaction fees according to a specific formula since block rewards will no longer exist. For further information, interested parties can visit Kaspa’s GitHub page.
For more updates and discussions, readers can find Kaspa on various social media platforms such as Discord, Telegram, Twitter, Reddit, and GitHub. Additionally, they can explore the blockchain using Kaspa’s explorer.
The original post titled “To the Ends of the Emissions” can be found on Kaspa’s website.