As of 00:00 Oct 19 Greenwhich Mean Time, EOSForce mainnet smart contract upgrade has taken effect to support smart contract deployment.
EOSF/orce core developer FanYang has announced: after 10 hours of collaborative work among 23 BPs, the EOSForce mainnet has completed its upgrade at the block height of 3385100 at 00:00 Oct 19, 2018 Beijing Time (GMT +08:00). The current EOSForce mainnet version v1.1.0 has taken effect.
This latest EOSForce mainnet upgrade supports smart contract deployment. The new release adopts resource models different from EOSIO. Users do not need complicated rentals and only need to pay processing fees to operate on the network. Developers should no longer worry about the erratic price fluctuations of CPU and RAM resources. Meanwhile, the upgrade supports the community-approved dividend contract, allowing BP candidates to receive reward dividend.
New BP candidate reward dividend rules:
Bonus rate: how much of the reward pool a BP gives to voters.
Annual rate: how much an individual voter gets from the reward pool based on the total votes that BP has received. More votes means less dividend share for a single vote.
Initial supply: 1,000,000,000 EOS
Blocks are produced at 3 blocks/second. Every block rewards all profitable nodes (with more than 0.5% of the total network votes) with 9 EOSC
Daily reward of a profitable node = 9 * 20 * 60 * 24 = 259,200 EOSC
Annual reward of a profitable node = daily reward * 365 = 94,608,000 EOSC
70% of the reward goes into the reward pool, and the rest 30% is distributed as followed:
For the top 23 Super Node, 15% goes into their individual account as overhead, and the other 15% is received as block reward. For the candidate nodes, 15% goes into their individual account as overhead, and the other 15% is deposited in the EOSForce Foundation account.
Voting annual rate = (ann. reward of profitable node * 70% * network votes received percentage * bonus rate) / total votes received * 100%
