Removing Runner Up Producers
Inter-blockchain communication requires light clients to keep track of all blocks where the set of active producers changes. The “runner up producer list” causes a new producer to be added or removed every minute which forces light clients to process at least one block header per minute, if not more. In order to reduce the frequency of producer set changes we have changed block scheduling to only include the top 21 producers. We are considering offering some kind of stand-by pay for the runner ups, but they will not actually be tasked with producing blocks.
I would like to hear more about this. One of the benefits of rotating the 21st BP is to provide incentive for other BPs to continue to support the blockchain. If we remove this, we could see a scenario where only 21 BPs exist in total. I would prefer there to be 100 BPs waiting in queue for the chance to get the 21st block. Very interested to hear about the stand-by pay and what the community will want. As it stands today I would be pro stand-by pay.
standby pay could even require them to sign every block, just not getting to produce blocks.
I like this idea. Seems workable and would incentivize multiple BPs to continue to sign blocks and be a part of the network.
So in other-words... it's far superior to Ethereum even in its Alpha phase?
... yes
I read the whole thing, and got a major boner... I'm so excited!
That's what I didn't understand with the old system. Who would have a high powered system on standby ready to be a block producer and earn nothing whilst not being nominated. Now, are you thinking of having a higher inflation rate of EOS tokens, or pay the 21 producers less, to cover the cost of the runner ups?
Producers were always planned to have less than 5% total, most of that 5% was intended for community benefit contracts.
@dan Would the EOS token itself be inflated up to 5% a year as well ? I understand that new blockchains adopting the EOSIO software could have inflation. Thanks !