BitAgere

The BitAgere network introduces an innovative agere governance system that balances decentralization with efficient management through clearly defined roles, rules, and reward mechanisms. Let's examine how this system operates in detail.

Creation and Basic Rules

• Creator Role: The agere creator (Owner) is responsible for setting objectives, establishing governance rules, and providing necessary technical resources (such as running programs, code repositories, and technical documentation).

• Immunity Period: Newly registered ageres enjoy a 7-day protection period during which they are immune from elimination.

• Elimination Rules:

  • Agere total is limited to 64, when a new agere registers, the lowest-scoring agere will be deregistered.

  • If multiple ageres tie for the lowest score, the earliest registered agere will be deregistered.

Role Division Within Agere Particpants

• Validators:

  • Validators are responsible for scoring agere operations, with a maximum capacity of 64.

  • Validators are selected through stake-based ranking;

  • validators falling out of the top 64 in stake will be eliminated.

  • Eliminated validators can continue participating as executors.

  • Validators must register as delegate representatives to accept user stakes.

• Executors:

  • Executors provide computational resources and other contributions, serving as the sagere's execution entities.

  • New executors enjoy a 7-day protection period, ensuring they won't be immediately eliminated.

Internal Elimination Rules

Agere participants are eliminated through pruning scores, which are positively correlated with received incentives - lower incentives result in lower scores. The process identifies participants with the lowest pruning scores outside the protection period for elimination. In case of tied lowest scores, the earliest registered participant is eliminated. If all participants are in the immunity period, the immune participant with the lowest pruning score is eliminated. In case of tied lowest scores among immune participants, the earliest registered immune participant is eliminated. If registration times are also tied, the immune participant with the lower ID is eliminated.

Agere Registration Restrictions

Agere Quantity Limits:

• BitAgere network supports a maximum of 64 ageres.

• When the agere limit is reached, newly registered ageres will replace the lowest-scoring agere.

Participant Limits:

• Each agere allows a maximum of 256 participants.

Registration Requirements:

• Agere registrants must provide detailed operational objectives, rule explanations, and necessary technical resources.

• Validators must complete required staking.

Incentive Mechanism

Reward Model

• Agere Creator Rewards: Directly receives a fixed proportion of agere rewards

• Validator Rewards: Validators receive rewards based on how closely their scoring aligns with network consensus.

• Executors Rewards: Executors' rewards are directly affected by their task completion quality and validator scoring.

Reward Distribution Process

1. Weight Upload:

   • Each validator maintains a weight vector representing their evaluation of all operators' performance.

   • Validators periodically upload weight vectors to the chain (every 100 blocks).

2. Weight Matrix Formation:

   • System integrates all validator scoring vectors to generate a network-wide weight matrix used for reward calculations.

3. Reward Calculation:

   • System calculates each participant's reward proportion by combining weight matrix and stake amounts.

   • Reward distribution cycle (Tempo) completes every 360 blocks.

4. Reward Distribution:

   • Rewards are automatically distributed on-chain, directly injected into participants' stakes, requiring manual collection via wallet.

   • If there are regular stakers, remaining rewards after validator portions are redistributed based on stake ratios.