Quote from: Miketaz on November 12, 2016, 10:19:08 PM

Actually, in 119,353 blocks forging rewards will be activated which means new coins will be generated every block. Here is a quote from Lisks FAQ:

Quote

The forging rewards occur at a fixed rate per block, and change over the course of the networks lifetime as follows:

5 LSK per block - in the 1st year.
4 LSK per block - in the 2nd year.
3 LSK per block - in the 3rd year.
2 LSK per block - in the 4th year.
1 LSK per block in all other years.

In addition to the forging rewards, active delegates will also receive an equal share of the transaction fees.

So is the only difference, with regards to the consensus mechanism between Lisk and lets say Bitcoin, that the miners are delegated rather than freely adopted?

Also, as I'm posting there's about 120K blocks left. Any ETA on when the forging starts?