Public Service
Unlike other blockchain projects that waste lots of computing power in consensus competitions, the TEA project uses all of its computing power in useful tasks. The majority of them are commercial task which are, of course, paid by the clients benefitting from running them. A minority of them are public validation or DAO governance taks. These proportionally small number of tasks are not paid out by any specific client. Rather, they would have to be paid by the DAO as these are public services.
Public services include:
- State machine maintenance (similar to goverment expenses).
- DAO governance (similar to elections / voting in real life).
- Other tasks that are necessary and benefit the public.
The DAO will pay these public services from TEA token inflation. There are a fixed number of TEA tokens minted in every block, which are paid to the miners who executed the public services in the block. The actual block reward number may change over time but will be predictable.
Last modified 6mo ago