What Is CityCoins and How Does it Work?

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CityCoin mining rewards function in a similar way to Bitcoin’s issuance schedule, the place rewards are halved systematically each 4 years. During the primary 10,000 blocks, profitable miners obtain 250,000 CityCoins per block. Rewards are then decreased to 100,000 cash per block for the following 200,000 Stacks blocks (roughly 4 years.) From there, rewards are halved each 210,000 blocks till Stack block 1,050,000 is reached, upon which a set quantity of three,125 CityCoins can be launched per block in perpetuity.