What is Blurt Coin

Blockchains such as Blurt and Bitcoin generate new tokens each time a block is created. Unlike Bitcoin, where all new currencies are distributed to block makers (known as miners), the Blurt blockchain distributes the bulk of new tokens to a reward fund known as the "rewards pool." The rewards pool compensates users with tokens depending on the value they provide to the network.

Blurt began issuing new tokens at an annual inflation rate of 9.5 percent beginning with the network's 16th hard fork in December 2016. Every 250,000 blocks, the inflation rate falls by 0.01 percent, or around 0.5 percent every year. At this rate, inflation will continue to fall until the total inflation rate hits 0.95 percent. This will take around 20.5 years from the implementation of hard fork 16.

Every day, a certain number of BLURT tokens are assigned to the network reward fund, also known as the "reward pool." These are given to authors and curators in exchange for uploading and voting on content.

Curators (those who upvoted the post) can receive up to 50% of the post's compensation as a reward for discovering the content. The author receives the remaining 50%.

If curators vote for a post within the first five minutes of its creation, a portion of their curation award is retained in the rewards pool for future authors/curators. This part is proportional to the post's age, which ranges between 0 and 5 minutes. As an example, upvoting every two minutes will return 60% of your possible curation reward.

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