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update supply info
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mr-pandabear committed May 4, 2023
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Expand Up @@ -5,10 +5,13 @@ Pandanite
[Pandanite](http://www.bamboocrypto.io) is a minimalist implementation of a layer 1 cryptocurrency similar to Bitcoin. It is designed with utmost simplicity and user friendliness in mind and is written from the ground up in C++ — it isn't yet another re-packaging of existing open-source blockchain code (where's the fun in that?!).

### Circulation
Pandanite is minted by miners who earn rewards. Mining payments occur using the *thwothirding* algorithm, which yields a total final circulation of ~100M PDN:
- 50 PDN per block until block 666666
- 50\*(2/3) PDN per block from blocks 666667 to 2\*666666
- 50\*(2/3)^2 PDN per block from blocks 2\*66666+1 to 3\*666666
Pandanite is minted by miners who earn rewards. Mining payments occur using the *thwothirding* algorithm, which yields a total final circulation of ~99.1M PDN:

- 6647477.8490 PDN carried over from previous forks distributed
- 50 PDN per block at Heights 1 to 515736
- 50\*(2/3) PDN per block from blocks 515737 to 515736+666666
- 50\*(2/3)^2 PDN per block from blocks 515736+666667 to 515736+2\*666666

etc.
#### Comparison with halving
Block reward changes are more often and have less impact compared to halving:
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