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docs: update block subsidy split percentages (dashpay#310)
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* docs: clarify v20 reallocation

* docs: update block subsidy split percentages
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thephez authored Nov 9, 2023
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12 changes: 6 additions & 6 deletions docs/user/governance/index.rst
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@@ -1,5 +1,5 @@
.. meta::
:description: The Dash governance system is funded by 10% of the block reward
:description: The Dash governance system is funded by 20% of the block reward
:keywords: dash, dgbb, governance, funding, voting, blockchain, development, block reward

.. _governance:
Expand All @@ -22,16 +22,16 @@ for nearly three years and has resulted in serious splits within the community
and even forks to the Bitcoin blockchain.

The DAO also provides a means for Dash to fund its own development. While other
projects have to depend on donations or premined endowments, Dash uses 10% of
the block subsidy to fund its own development. Every time a block is mined, 90%
projects have to depend on donations or premined endowments, Dash uses 20% of
the block subsidy to fund its own development. Every time a block is mined, 80%
of the subsidy is split between the miner and a masternode per the distribution
found :ref:`here <block-reward-reallocation>`, while the remaining 10% is not
found :ref:`here <block-reward-reallocation>`, while the remaining 20% is not
created until the end of the month. During the month, anybody can make a budget
proposal to the network. If that proposal earns the net approval of at least 10%
of the masternode network, then at the end of the month the requested amount will
be paid out in a "superblock". At that time, the block subsidies that were not paid
out (10% of each block) will be used to fund approved proposals. The network thus
funds itself by reserving 10% of the block subsidy for budget projects.
out (20% of each block) will be used to fund approved proposals. The network thus
funds itself by reserving 20% of the block subsidy for budget projects.


.. raw:: html
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10 changes: 5 additions & 5 deletions docs/user/governance/understanding.rst
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Expand Up @@ -116,14 +116,14 @@ and users. More importantly, this gives the blockchain itself a self-
preservation mechanism that is beyond the control of any individual.

+-----+----------------------------------------+
| 90% | Mining and Masternode Reward |
| 80% | Mining and Masternode Reward |
+-----+----------------------------------------+
| 10% | Decentralized Governance Budget |
| 20% | Decentralized Governance Budget |
+-----+----------------------------------------+

Masternodes and miners split 90% of the mining subsidy per the distribution
Masternodes and miners split 80% of the mining subsidy per the distribution
found :ref:`here <block-reward-reallocation>`, at the time
it is created. The remaining 10% is disbursed monthly by the masternode
it is created. The remaining 20% is disbursed monthly by the masternode
operators once the results of their votes are tallied, creating the
first self-sustaining decentralized cryptocurrency platform organized as
a Decentralized Autonomous Organization (DAO). The masternode operators
Expand Down Expand Up @@ -262,7 +262,7 @@ [email protected] email address or through their `website
Budget allocation
=================

The total budget of the network can be calculated by taking 10% of the
The total budget of the network can be calculated by taking 20% of the
block subsidy over the period of time between two superblocks, which occur
every 16616 blocks or approximately 30.29 days. A voting cutoff occurs
1662 blocks before the superblock, and the final votes are tallied at
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58 changes: 29 additions & 29 deletions docs/user/introduction/features.rst
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Expand Up @@ -54,7 +54,7 @@ Masternodes enable the following services:
- **ChainLocks**, which protects the blockchain against 51% mining
attacks by signing blocks as they are mined.
- **Governance and Treasury** allows stakeholders in Dash to determine
the direction of the project and devotes 10% of the block subsidy to
the direction of the project and devotes 20% of the block subsidy to
development of the project and ecosystem.
- **Dash Evolution** will make using cryptocurrency as easy as using
PayPal.
Expand Down Expand Up @@ -414,7 +414,7 @@ of all bitcoin will be in circulation by 2036, and 99.9% by 2048.
`Dash's total coin emission <https://docs.google.com/spreadsheets/d
/1JUK4Iy8pjTzQ3Fvc-iV15n2qn19fmiJhnKDDSxebbAA/edit#gid=205877544>`_ is
also the sum of a geometric series, but the ultimate total coin emission
is uncertain because it cannot be known how much of the 10% block subsidy
is uncertain because it cannot be known how much of the 20% block subsidy
reserved for budget proposals will actually be allocated, since this
depends on future voting behavior. Dash will continue to emit coins for
approximately 192 years before a full year of mining creates less than 1
Expand Down Expand Up @@ -447,16 +447,36 @@ utilization, this results in an approximate coin allocation over
a budget cycle as follows:

+-----+----------------------------------------+
| 90% | Mining and Masternode Reward |
| 80% | Mining and Masternode Reward |
+-----+----------------------------------------+
| 10% | Decentralized Governance Budget |
| 20% | Decentralized Governance Budget |
+-----+----------------------------------------+

When the Dash Core v20 hard fork activates, Dash's governance budget will grow
to 20% of the block subsidy per the governance proposal approved in September
2023. Additional details can be found in the :ref:`Treasury expansion section
<block-subsidy-reallocation-treasury-expansion>`.

.. _block-subsidy-reallocation-treasury-expansion:

Treasury expansion
^^^^^^^^^^^^^^^^^^

In September of 2023, the Dash network approved a `proposal
<https://www.dashcentral.org/p/TREASURY-REALLOCATION-60-20-20>`__ to double the
governance budget by modifying the block subsidy allocation. The new allocation
designates 20% for miners, 20% for the governance system budget, and 60% for
masternodes. The expansion will go into effect upon activation of the Dash Core
v20 hard fork.

+-----+----------------------------------------+
| 20% | Mining Reward |
+-----+----------------------------------------+
| 20% | Decentralized Governance Budget |
+-----+----------------------------------------+
| 60% | Masternode Reward |
+-----+----------------------------------------+

Miner and masternode reallocation
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Expand Down Expand Up @@ -532,26 +552,6 @@ run your own `emission calculations using this tool
site <https://stats.masternode.me>`_ for live data on current network
statistics.

.. _block-subsidy-reallocation-treasury-expansion:

Treasury expansion
^^^^^^^^^^^^^^^^^^

In September of 2023, the Dash network approved a `proposal
<https://www.dashcentral.org/p/TREASURY-REALLOCATION-60-20-20>`__ to double the
governance budget by modifying the block subsidy allocation. The new allocation
designates 20% for miners, 20% for the governance system budget, and 60% for
masternodes. The expansion will go into effect upon activation of the Dash Core
v20 hard fork.

+-----+----------------------------------------+
| 20% | Mining Reward |
+-----+----------------------------------------+
| 20% | Decentralized Governance Budget |
+-----+----------------------------------------+
| 60% | Masternode Reward |
+-----+----------------------------------------+

.. _decentralized-governance:

Decentralized Governance
Expand All @@ -572,16 +572,16 @@ for nearly three years.

DAO also provides a means for Dash to fund its own development. While
other projects have to depend on donations or premined endowments, Dash
uses 10% of the block subsidy to fund its own development. Every time a
block is mined, 90% of the subsidy is split between the miner and
uses 20% of the block subsidy to fund its own development. Every time a
block is mined, 80% of the subsidy is split between the miner and
a masternode per the distribution found :ref:`here <block-reward-reallocation>`,
while the remaining 10% is not created until the end of the
while the remaining 20% is not created until the end of the
month. During the month, anybody can make a budget proposal to the
network. If that proposal receives net approval of at least 10% of the
masternode network, then at the end of the month a
"superblock" will be created. At that time, the block subsidy that was
not paid out (10% of each block) will be used to fund approved
proposals. The network thus funds itself by reserving 10% of the block
not paid out (20% of each block) will be used to fund approved
proposals. The network thus funds itself by reserving 20% of the block
subsidy for budget projects.

You can read more about Dash governance in the :ref:`governance` section
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4 changes: 2 additions & 2 deletions docs/user/introduction/information.rst
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Expand Up @@ -426,9 +426,9 @@ Glossary

DAO
The development of Dash and the Dash ecosystem is self-funded by the DAO or
Decentralized Autonomous Organization. Each time a block is discovered, 90%
Decentralized Autonomous Organization. Each time a block is discovered, 80%
of the block reward is split between the miner and a masternodes per the
distribution found :ref:`here <block-reward-reallocation>`. 10% of the block
distribution found :ref:`here <block-reward-reallocation>`. 20% of the block
subsidy is withheld by the network and used to fund projects that are
approved by the masternode network. For a fee, anybody can submit a proposal
to the network, and will be paid directly by the blockchain if approved by
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10 changes: 5 additions & 5 deletions docs/user/masternodes/understanding.rst
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Expand Up @@ -44,11 +44,11 @@ moves or spends those coins, the masternode stops working and payment
ceases.

Masternodes are paid by the network for the InstantSend, CoinJoin and
governance services they provide. 10% of the block subsidy goes to the budget
with the remaining 90% split between miners and masternodes per this
governance services they provide. 20% of the block subsidy goes to the budget
with the remaining 80% split between miners and masternodes per this
:ref:`block reward reallocation table <block-reward-reallocation>`.
Then, every 16,616 blocks (approximately 30.29 days), a
superblock is created that contains the entire 10% payout to the budget
superblock is created that contains the entire 20% payout to the budget
proposal winners. Masternodes are selected for payment in each block
(approximately every 2.6 minutes) from a deterministic masternode list,
and moved to the back of the list after payment. As more masternodes are
Expand Down Expand Up @@ -187,9 +187,9 @@ Nodes), which enable financial privacy (CoinJoin), instant
transactions (InstantSend), and the decentralized governance and budget
system. Because this second tier is so important, masternodes are also
rewarded when miners discover new blocks. The breakdown is as follows:
90% of the block subsidy is split between the miner and a masternode
80% of the block subsidy is split between the miner and a masternode
per the distribution found :ref:`here <block-reward-reallocation>`, while
10% is reserved for the budget system (created by superblocks every
20% is reserved for the budget system (created by superblocks every
month).

The masternode system is referred to as Proof of Service (PoSe), since
Expand Down

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