Proposed alterations in Execoin
Execoin suffers from overproduction of the coins, our community already noticed that 50 EXE reward for 45 seconds blocks is a way too many. In addition, abrupt block halving is not good for a well-established coin. So we propose to make some changes while the coin is young to make it more smooth and to support its value. We think that Execoin needs dramatic block decrease and we are thinking about lowering it up to 10 EXE per block. In addition, to prevent abrupt block halvings in the future we are going to implement eventual decreases of block rewards by 1 percent every month. Proposed changes will require a hard fork, so we will benefit from it and incorporate new version of the KGW with Time Warp vulnerability fixed.
We would like to listen an opinion of our community, what do you think?
Are you proposing instantly switching to 10 EXE a block and then decreasing by 1% per month? I think that might be a bit abrupt personally, but the 1% per month is a neat idea that I believe is new? The network might also benefit some more if at least some of this decrease in payout was used to extend the block subsidy farther into the future.