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A Licensed Mining Node is a protocol-recognized participant represented by a Node License.
It is not a consensus validator and does not produce blocks. Only ACTIVE licenses are eligible for mining participation and DAO governance.
License transfers are restricted for the first two years from chain genesis.
The maximum license supply is 1,000,000.

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What Happens in Each Epoch

Mining runs in recurring epochs. At the start of each epoch:
  • A new random seed is derived from the RANDAO beacon
  • A difficulty threshold is set
During the submission window, license owners (or delegated operators) can submit mining work. Each submission includes:
  • A VRF output and proof
  • A micro-PoW nonce
  • The license ID
The protocol verifies:
  • The VRF proof is valid
  • The micro-PoW requirement is met
  • The VRF output is below the current threshold
If a submission meets the threshold, it becomes a winner for that epoch. The protocol adjusts the threshold over time to keep the number of winners near a target (for example, around 1,000 winners per epoch, depending on network conditions and parameters). Each license can submit at most once per epoch.

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Reward Distribution

After an epoch finalizes:
  1. The emission amount for the epoch is calculated using the predefined decay schedule.
  2. Winning licenses earn credits.
  3. 95% of emissions are distributed to Licensed Mining Nodes pro-rata based on credits.
  4. The remaining 5% is routed to staking rewards.
Rewards are paid to the license owner under protocol rules.

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Delegation Model

License owners can either run mining directly or delegate mining rights to an operator.
Delegation allows an operator to submit work on behalf of the license owner, while rewards remain attributable to the license owner under protocol rules.