September 2023 · The Divi Foundation
The Divi Future Outlook — Lite Paper
The Divi Project is undertaking a significant expansion of its vision and utility — exploring the avenues of progress that will revolutionize how we interact with digital assets, while ensuring top-notch security against future threats.
At Divi, our unwavering mission is to leverage the exceptional features of the Divi blockchain — such as specialized smart contracts, staking vaults, and trustless side chains — to create a dynamic and secure platform offering a wide array of services for both individuals and enterprises in the cryptocurrency realm. This lite paper discusses the current and future technologies that inhabit the Divi blockchain, and how this vision is achieved.
The Core — Our Blockchain
The Divi Project core has been completely refactored to remove as much technical debt as possible from its previous forks (BTC, DASH, PIVX). It no longer resembles its predecessors: masternodes have been removed, dedicated specialized smart contract abilities have been deployed, and new essential features like staking vaults have been implemented. The code has been scrubbed clean, and the foundations for utility are being put in place with extremely modular architecture so future upgrades can be implemented with ease.
Proof of Stake
The Divi blockchain is a proof-of-stake (PoS) protocol, using a UTXO ledger based on the Bitcoin PoW consensus model. The chain has been radically enhanced with features that are non-existent in other chains, PoS or not. The fundamental tokenomics have not changed since September 27, 2018, when the blockchain started, except for the removal of masternodes, which pointed more rewards at stakers, leaving the inflation rate unchanged. Divi's core engine targets one block per minute, reevaluating difficulty at every block — the average block time as of writing is around 59.2 seconds.
Tokenomics
The economics that keep Divi resilient.
Initial DIVI Supply
For community members who joined prior to the blockchain start, at a 1:100 ratio to DIVX.
Max DIVI Per Block
The coin emission decreases over time, capping at block 5,781,700 unless changed by governance vote.
Inflation at Divi 3.0 Launch
The emission of new Divi at the start of year four, distributed across stakers.
Superblocks, Treasury & Lottery
How rewards flow back into the ecosystem.
Every 10,080 blocks (the superblock period) a special ‘superblock’ is minted. In this block, the Divi rewards accumulated over those blocks are sent to a special address for development, promotion, and charities.
The total amount of DIVI distributed to lottery winners is 504,000 DIVI — delivered as one reward of 252,000 and ten rewards of 25,200 DIVI. Winners are chosen in a “king of the hill” method: when a new validator’s hash enumerates higher than any of the 11 in the ordered list, they are placed appropriately and the lowest-ranked address is removed. A validation address cannot win more than one lottery per four superblock periods.