Block Creation

As soon as the Execution Client receives a new execution block, it starts working on a candidate for the next block, whether it is ever used or not. The potential next execution block is always available for fetch by the beacon client using local RPC connection.

When beacon client receives notice from farmer that we have found the proof of space and we are able to create new block, the following procedure takes place:

Block Rewards

In most cryptocurrencies, the creator of a block pays themselves based on the current block reward. In BPX, there is a slight difference - block rewards are paid in a future block, depending on whether the farmer's block is a transaction block or not.

On the other hand, the priority part of transaction fees is paid in the current block. The base part is burned in accordance with the assumptions of EIP-1559.


Revision #4
Created 5 June 2023 14:44:28 by Admin
Updated 6 June 2023 08:08:21 by Admin