Re: [ANN][ZEN] Horizen: Bringing Privacy To Life [EX ZenCash]
It was a cross-team collaboration and introduced on reddit: https://www.reddit.com/r/CryptoCurrency/comments/8jeyxt/introducing_the_privacy_coin_matrix_a_crossteam/
Yes, we need one with updated numbers.
Does anyone know what the inflation rate actually is? Surely it isn't actually over 29% - that seems wayyy too high (even for a relatively new coin).
I understand that new coins tend to have high inflation for obvious reasons - if you're a 2 year project roughly half of your coins will probably be minted in one year (depending on emission curve) so high inflation, but zen is a fork, so inflation shouldn't be all that high given all the existing coins in circulation from the fork block.
It seems very difficult to find historic supply data. I failed to find any but I got this: "There is a total supply circulating of about 3.8 million coins." From here: https://www.coinbureau.com/review/zencash-zen/ This was written on 09. May 2018.
Based on this data we can calculate the 7-month inflation as of 09. December 2018:
Blockreward 12,5 ZEN and Blockgeneration 2,5 min (both from white paper)
(12,5/2,5)= 5 ZEN/min => 5 ZEN/min* 60 min* 24 hours*30 days = 216.000 ZEN per month calculated with 30 days. Which makes 1.512.000 generated ZEN for the 7 months till 09. Dec 2018.
Inflation rate = number of new coins per time frame / number of currently circulating coins
Inflation rate = 1.512.000 / (1.512.000 + 3.800.000) = 0,284638554 as a calculated inflation rate per 09. Dec from the 7 prior months beginning on 09. May 2018.
Today is 26. Dec 2018 and cmc shows: 5.454.163 ZEN So the 29% inflation rate from the spreadsheet is in line with the above calculation.
I actually hoped for a lower inflation because the halving is not really around the corner. On the other hand I believe now is the time to accumulate ZEN. It maybe won't get much easier.