Lava is a digital and cryptographic infrastructure based on Proof-of-Capacity (PoC). Also, it embodies Root-of-Trust and Top-level Indexing mechanism for the global storage space.
PoC is a consensus mechanism with high security but low energy consumption, and of great fairness and openness. It is therefore conducive to building a stronger trustless on- chain ecology and assembling a wider range of consensus and value. Lava has adopted an improved PoC mechanism, namely Lava- Firestone, greatly relaxing the hardware barriers set to maintain a decentralized network, and making it easy and cost- effecient for anyone to utilize handy but idle storage devices to participate in block forging.
The whole ecology is designed for a complete close loop: Lava builds consensus from global storage space, and in return gives feedback to the space with the trust-value gained from consensus. The concept of “building” comes from the PoC consensus mechanism adopted by the main chain. It requires a large and distributed storage
networks to contribute “capacity power” to create Root-of-Trust on the blockchain. And the trust-value feedback, based on the decentralized trust facility, Lava, is widely used as a general and core open protocol for indexing and mobilizing global storage resources by third-party applications and services through such proven mature technical solutions as cross-chain extension, virtual token coloring, and distributed content-addressable storage networks.
Max. Supply: 332.8 M LV
Blockreward: 320 or 640 LV
Block Time: 4 min.
PoC Rewards: 320 or 630 LV*
*640 LV if a Firestone is consumed by the miner, or 320 LV if not
POS Rewards: n/a
-> PoC = Proof of Capacity = Mining with your Harddisk
- Block Height > 16,800