Will witnesses be able to generate new coins?
At what rate?
How many witnesses can be created?
Is there a cap on the total coins that can be created?
1. Witnesses are block signers. They cannot generate on their own.. it is predetermined in the code.
2. 3 second or less blocks.
3. In theory unlimited. We will have to put a number in the code though, so will start with 1000 upper limit.. more likely to start with 15 or so.
4. Hard limit in the code similar to bitcoin 21m we have set at 15m.
Thanks a lot for your replies.
on point 2 = how fast will these coins be issued? How many coins will be generated on each block reward?
question 5. how many coins will be issued in total before the start of the genesis block and how mcuh time will the gensis block to reaching the cap of 15 million
on point 4 = What will be incentive of the witnesses to generate more blocks once the total cap is reached? Is there any reason why this limit could be changed in the future?