Parameters

This page is intended to list the current network parameter configurations. These are liable to change through governance processes, and can be double checked using the instructions below.

This page reflects the runtime file of the chain viewable at Github, which is the final source of authority. You can also use the Polkadot.js apps to confirm the current value of these parameters on a testnet or mainnet at Chain State tab > Constants > Select Parameter

Accounts and Transactions

Parameter

Value

Description

Reaping Threshold

0.001 EDG

The minimum EDG required in the account balance to create or maintain an account.

Transaction Minimum

???

The Min. amount you can send to an Edgeware Address.

Consensus

Parameter

Value

Consensus Mechanism

AURA

Finality Gadget

GRANDPA

Time

Exact Runtime code specifying constants related to block time and production.

Edgeware

Time

Slots*

Block

6 seconds

1

Epoch

60 minutes

600

Session

60 minutes (600 Blocks)

600

Era

6 hours (6 sessions)

3600

This code is from https://github.com/hicommonwealth/edgeware-node/blob/master/node/runtime/src/constants.rs

It may be out of date on this page, refer to the link above for most up to date runtime data.

pub const MILLISECS_PER_BLOCK: Moment = 6000;
pub const SECS_PER_BLOCK: Moment = MILLISECS_PER_BLOCK / 1000;
pub const SLOT_DURATION: Moment = MILLISECS_PER_BLOCK;
// 1 in 4 blocks (on average, not counting collisions) will be primary BABE blocks.
pub const PRIMARY_PROBABILITY: (u64, u64) = (1, 4);
pub const EPOCH_DURATION_IN_BLOCKS: BlockNumber = 1 * HOURS;
pub const EPOCH_DURATION_IN_SLOTS: u64 = {
const SLOT_FILL_RATE: f64 = MILLISECS_PER_BLOCK as f64 / SLOT_DURATION as f64;
(EPOCH_DURATION_IN_BLOCKS as f64 * SLOT_FILL_RATE) as u64
};
// These time units are defined in number of blocks.
pub const MINUTES: BlockNumber = 60 / (SECS_PER_BLOCK as BlockNumber);
pub const HOURS: BlockNumber = MINUTES * 60;
pub const DAYS: BlockNumber = HOURS * 24;

Staking

Parameter

Value

Description

Validator Slots

60

The total number of slots for active validation.

Validator Bonding Duration

28 hours

How long until you can unbond your funds after staking

Slash Deferral Duration

28 Eras (7 days)

Prevents overslashing and validators "escaping" and getting their nominators slashed with no repercussions to themselves

Slash Cancellation Vote

Requires 3/4 of Council to Approve

Validator Term Duration

The time for which a validator is in the set after being elected. Note, this duration can be shortened in the case that a validator misbehaves.

Nomination Period

Countdown until a new validator set is elected according to Phragmen's method.

Democracy (Referenda)

Parameter

Value

Description

Launch Period

7 days

How long the public can select which proposal to hold a referendum on. i.e., Every week, the highest-weighted proposal will be selected to have a referendum

Voting Period

7 days

How long the public can vote on a referendum.

Enactment Delay

10 days

Time it takes for a successful referendum to be implemented on the network.

Passing Vote Criteria

Supermajority to pass

Fast Track Voting Period

Not active

Veto

Not active

Proposal Cancellation Vote

2/3 of council to Approve Cancellation

Cool-off Period after Proposal Cancellation

7 days

The time a veto from the technical committee lasts before the proposal can be submitted again.

Min. EDG Deposit to Vote

100 EDG

Vote Weighting by Lock Time The schedule of weight boosts on a quadratic curve - meaning that exponentially increasing locktimes are required to achieve lesser proportional boosts in weight.

Vote Weight

Locktime

0.1x

None

1x

1x Enactment Period (10 days)

2x

2x Enactment Period (20 days)

3x

4x Enactment Period (40 days)

4x

8x Enactment Period (80 days)

5x

16x Enactment Period (160 days)

6x

32x Enactment Period (320 days)

Council Elections

Parameter

Value

Description

Term Duration

28 days

The length of a council member's term until the next election round. A new councilperson is elected every 28 days based on the Phragmen algorithm. If the term duration is changed the current term is affected when BlockNumber % TermDuration ==0, upon which a new council (or councilperson?) will be selected.

Candidacy Bond

1000 EDG

The amount a user must bond to submit their candidacy.

Voting Bond

10 EDG

The amount of EDG that a voter must lock to vote for Council.

Council Member Slots

13 members

The size of the council.

Runners-up Slots

7 members

The number of slots that will be displayed as a runner-up.

Council Voting Period

??

The council's voting period for motions.

****

Treasury

Parameter

Value

Description

Budgeting Period

7 days

When the treasury can spend again after spending previously.

Proposal Bond

5% and minumum 1000 EDG

The amount required to bond in order to propose a treasury spend. If approved, it is returned, if the proposal fails, it is burnt.

Burn unspent treasury funds

Off

This deactivates a burn of all unspent treasury funds at the end of a budgeting period.

****

Signaling

Parameter

Value

Description

Signaling Period

7 days

The length of time a signal proposal is active for engagement.

Signaling Proposal Bond

100 EDG

The amount of EDG required to bond to submit a signaling proposal.

Identity

Parameter

Value

Description

Required Bond Per Identity

10 EDG

Bond required to store IDs on-chain.

Required Bond Per Each Additional Identity Field

2.5 EDG

Bond required to store additional IDs on-chain Beyond Legal Name.

Sub-Account Deposit

2 EDG

Amount required to deposit in order to create a sub account.

Maximum Sub-Accounts

100

The maximum number of sub account an account may have.

Economics

Parameter

Value (Units)

Description

Minimum Inflation

.025

The min. inflation rate the system will permit.

Maximum Inflation

<b></b>

0.1

The max. inflation rate the system will permit.

Ideal Staking Rate

0.8

The ideal proportion of EDG tokens staked compared to total EDG supply.

Falloff (Decay) Rate

<b></b>

0.05

The decay rate on inflation when the actual staking rate becomes greater than the ideal staking rate.

Max Piece Count

40

Test Precision

0.005

Ideal Interest Rate

12.5%

The ideal returns that an individual validator earns.

Contract configuration

Parameter

Value

Description

Contract Transfer Fee

0.10 EDG

****

Contract Creation Fee

0.10 EDG

****

Contract Transaction Base Fee

0.10 EDG

****

Contract Transaction Byte Fee

0.001 EDG

****

Contract Fee

0.10 EDG

****

Tombstone Deposit

1 EDG

****

Rent Byte Fee

1 EDG

****

Rent Deposit Offset

1000 EDG

****

Surcharge Reward

150 EDG

Genesis

Parameter

Value

Council Members

1 Member at time of Genesis (Commonwealth Labs 0x02456...)

Identity Attestation Provider

1 Verifier at time of Genesis (Commonwealth Labs 0x92c32...)

****