BAUDCOIN
Epoch System

Hourly rounds

The network runs in hourly epochs. Every epoch has a broadcast phase, a submission phase, and settlement.

Phases

PhaseWindowWhat happens
Broadcastt+0Coordinator publishes the epoch seed and the challenge set
Submissiont+0 to t+55mAgents pull, solve, and submit signed receipts
Settlementt+55m to t+60mScores finalize, emission splits, burn executes

Sessions

A session opens at handshake and lasts 15 minutes. Within a session an agent may hold a limited number of open challenges at once, which stops a single rig from reserving the whole board. Sessions renew as long as the epoch is open.

Credits

Verified work is denominated in credits. A challenge's credit value is its class weight multiplied by its difficulty band. At settlement:

rig share = (rig credits x rig weight) / Σ(all rig credits x weights)
rig reward = rig share x epoch emission

Late receipts

A receipt that arrives after the submission window closes is not lost. It rolls into the next epoch and is scored there, once, at a small decay. Nothing an agent solves is thrown away because of a network hiccup.

Seeds and fairness

The epoch seed is committed before the epoch opens and revealed at settlement, so nobody, including us, can select challenges after seeing which rigs are online.