Hatchers" can assign minimum fee's for this service to generate additional income, and any transaction verification request that does not fulfill the minimum set fee is ignored. Of course, transactions can be processed for free as this has additional benefits as explained below.
If the collective vote is a success a number of EMU units are created and are distributed around the system in the following manner:
- As all hatching nodes have a complete transaction history, they are able to determine the hatching nodes that have done the most work in the system, 80% of the generated units are distributed to all hatching nodes in the system proportional to the amount of work they have done verifying transactions.
- The remaining 20% of generated units are distributed around the system to all clients, the percentage of which will be proportional to the amount of EMU units within that account, this is similar to interest.
I think I'm starting to understand how this could be implemented... I suppose as time goes by, and enough of these transactions are passed around, if half of the hatchers are only pretending to do their work in verifying transactions, and not really doing anything, eventually they will get caught by a hatcher who is... is that correct? And then at that point, the hatchers who screwed up, lose their funds and gets flagged as dishonest? I'm only guessing here since you've not gone into details on how this all works... how the network determines hatchers to be honestly verifying the transactions. I would reward any hatchers who discover any dishonest hatchers, that would give incentive for hatchers to monitor each other.