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RE: CBR Proposal: Update 1 - Addressing Some Concerns

in #gridcoin6 years ago (edited)

Ah yes, makes sense that you don't want a bunch of unused "contracts". But why can't we have it such that if your wallet is kept online then the the wallet automatically updates the beacons (eg. saying "hey i'm still here don't expire") and if your wallet is not online and a gridcoin user is no longer crunching or using gridcoin then it will automatically will expire after 6 months. Will the new "beacon forwarding" proposal by @Rvonn be like a "manual beacon reset" to let the system know that you are still wanting to stake?

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The wallet actually does automatically renew beacons. Beacons expire after 6 months and your wallet will try to automatically renew your beacon after 5 months.

Problem is, the newly renewed beacon is an entirely new beacon. As if it were a brand new beacon with no previous Research Rewards. Beacon Forwarding makes it so the newly renewed beacon carries over rewards from your last beacon.

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