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54 lines
3.2 KiB
Markdown
54 lines
3.2 KiB
Markdown
# 1. Basics
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## 1.1. Overview
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The Innovation Game (TIG) is the first and only protocol designed specifically to accelerate algorithmic innovation. At the core of TIG lies a novel variant of proof-of-work called optimisable proof-of-work (OPoW).
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OPoW uniquely features multiple proof-of-works, “binding” them together in a manner that prevents centralisation due to optimisations of the proof-of-work algorithms (see Section 2.1 of the TIG white paper for details). This resolves a longstanding issue that had hindered proof-of-work from being based on real-world computational scientific challenges.
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TIG combines a crypto-economic framework with OPoW to:
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1. Incentivise miners, referred to as Benchmarkers, to adopt the most efficient algorithms (for performing proof-of-work) that are contributed openly to TIG. This incentive is derived from sharing block rewards proportional to the number of solutions found.
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2. Incentivise contributors, known as Innovators, to optimise existing proof-of-work algorithms and invent new ones. The incentive is provided by the prospect of earning a share of the block rewards based on adoption of their algorithms by Benchmarkers.
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TIG will progressively phase in proof-of-works over time, directing innovative efforts towards the most significant challenges in science.
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## 1.2. Blocks
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In TIG, a block serves as the fundamental unit of time, roughly equivalent to 60 seconds. Blocks fulfil two primary functions:
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1. Timestamp for when Benchmarkers start & submit their solutions
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2. Execution of OPoW-related state transitions, determining Benchmarkers' influence and algorithm adoption, leading to the distribution of block rewards denominated in TIG tokens.
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## 1.3. Rounds
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A round spans 10,080 blocks, approximately equivalent to 604,800 seconds or 7 days. Rounds serve three primary purposes:
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1. Execution of algorithm related state transitions.
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2. Coordination of protocol and configuration updates, including the introduction of new challenges and voting procedures.
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3. The token emission schedule is structured around rounds.
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## 1.4. Token Emission Schedule
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TIG’s token emission schedule comprises 5 tranches, each with the same total emission of 26,208,000 TIG, but successively doubling in duration (measured in rounds):
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| **Tranche** | **#Rounds** | **Token emissions per block** | **Token emissions per round** | **Start Date** | **End Date** |
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| --- | --- | --- | --- | --- | --- |
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| 1 | 26 | 100 | 1,008,000 | 24 Nov 2023 | 1 June 2024 |
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| 2 | 52 | 50 | 504,000 | 1 June 2024 | 31 May 2025\* |
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| 3 | 104 | 25 | 252,000 | 31 May 2025\* | 29 May 2027\* |
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| 4 | 208 | 12.5 | 126,000 | 30 May 2027\* | 24 May 2031\* |
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| 5 | 416 | 6.25 | 63,000 | 25 May 2031\* | 14 May 2039\* |
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\*Approximates
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Post tranche 5, rewards are solely based on tokens generated from TIG Commercial license fees.
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## 1.5. TIG Token
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The TIG token adheres to the ERC20 standard and is deployed to Basechain at the following address: [0x0C03Ce270B4826Ec62e7DD007f0B716068639F7B](https://basescan.org/token/0x0C03Ce270B4826Ec62e7DD007f0B716068639F7B).
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TIG tokens earned during a round are minted within 7 days following the conclusion of that round.
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