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Update authority_nodes.rst
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igoraxz committed Jul 9, 2019
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Expand Up @@ -5,10 +5,12 @@ Papyrus Network is operated by Authority Nodes, which provide their hardware cap

Papyrus Network protocol allows up to 47 Authority Nodes to be a part of the network.

In exchange for maintaining network operations Authority Nodes get mining rewards equal to 1.5*K PPR tokens per block, where K = {AMOUNT OF AUTHORITY NODES}/47.
In exchange for maintaining network operations Authority Nodes get mining rewards equal to 4.5*K PPR tokens per block, where K = {AMOUNT OF AUTHORITY NODES}/47.

PPR token is a native token of Papyrus Network required to allocate network resources to execute transactions.
There are 1 000 000 000 PPR tokens distributed at the genesis block, and according to mining rewards schedule annual inflation is limited with a maximum amount of new tokens equal to 60*60*24*365*1.5*(47/47)= 47 304 000 PPR, ie < 5% of total emission.
There are 1 000 000 000 PPR tokens distributed at the genesis block, and according to mining rewards schedule with 3 seconds block interval annual inflation is limited with a maximum amount of new tokens equal to (20 blocks per minute)*60*24*365*4.5*(47/47)= 47 304 000 PPR, ie < 5% of total emission.

Mining rewards are subject to change based on community voting (see Governance documentation).

Initially Papyrus Network mainnet is launched with 5 Authority Nodes chosen by Papyrus. After the launch election procedures become active and existing Authority Nodes elect new Authority Nodes.

Expand All @@ -17,3 +19,13 @@ https://papyrusglobal.typeform.com/to/Va9wX5

Instruction on how to set up a node can be found here:
https://github.com/papyrusglobal/papyrus

*Recommended Authority Node configuration:*
CPU - Intel® Core™ i7 or more powerful
RAM: 64Gb+
Hard drive: 512Gb+ (SSD recommended)
Connection: 100 MBit/s+ port

*Expected Authority Node rewards:*
Monthly PPR reward for active Authority Node is equal to 4.5*20*60*24*30*(K/47)*(1/K) = ~82,723.4 PPR

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