TON Blockchain Community Approves Economic Model Optimization Proposal

02/21/2023 13:13 • Digital Disruptors • 94 views

It is reported that the TON economic model optimization proposal of the TON blockchain community has been approved. The proposal aims to reach a community consensus on the recycling supply of TON and temporarily freeze inactive mining wallets for 48 months. These wallets have never been activated and there are no outgoing transfers in their historical records.

The TON community has temporarily frozen more than 1 billion tokens of inactive mining wallets, which still needs verifiers to vote

Analysis based on this information:

The TON blockchain community has reportedly approved an economic model optimization proposal that seeks to reach a community consensus on the recycling supply of TON, as well as temporarily freeze inactive mining wallets for 48 months. This proposal is aimed at improving the economic model of the TON blockchain, which is a decentralized network that supports various applications and services.

The first part of the proposal is focused on recycling the supply of TON tokens. The TON blockchain community plans to do this by rewarding validators with newly minted TON tokens in exchange for their efforts in maintaining the network. The amount of newly minted TON tokens will be reduced over time, as the blockchain becomes more stable and the number of validators increases. This process is intended to incentivize validators to participate in the network and contribute to its security and growth, while also ensuring that the supply of TON tokens is not excessive.

The second part of the proposal involves freezing inactive mining wallets for a period of 48 months. Mining wallets are used by validators to store their earnings from validating transactions on the TON blockchain. The TON blockchain community has identified a number of mining wallets that have never been activated, and have no outgoing transfers in their historical records. These wallets are believed to be inactive, and their owners may have abandoned them. The TON blockchain community proposes to temporarily freeze these wallets for a period of 48 months, after which the TON tokens stored in them will be recycled and redistributed to active validators. This process is intended to prevent hoarding of TON tokens by inactive miners, and to ensure a fair distribution of tokens among active validators.

Overall, the TON economic model optimization proposal is a significant step towards improving the economic sustainability and security of the TON blockchain. By incentivizing validators to participate in the network and preventing hoarding of TON tokens by inactive miners, the proposal seeks to ensure the long-term viability of the TON blockchain and its applications.

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