익명 08:44

How the system works when there's no block reward?

How the system works when there's no block reward?

I've came across some articles arguing that it is a good idea to have no block reward at all, but I struggle to understand, how this would work.

I understand that the incentive for miners would be just transaction fees; but how new coins would be created? Even if there would be no new coins as a principle - where any coins come from? From some initial phase of PoW mining/any other initial distribution? If so, doesn't it give to much advantage for the early nodes (and therefore discourage others to join)?



Top Answer/Comment:

how new coins would be created? Even if there would be no new coins as a principle - where any coins come from? From some initial phase of PoW mining/any other initial distribution?

Coins would be created the same way as today: from coin base transactions. That coin base transactions include fees and rewards, only fees (in a distant future), or only rewards (in the past), makes not much difference.

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