As of July 2018, Block-Logic Technology Group and the token BLTG has been created from the Bitcoin-Lightning project. After a community-wide vote, it was decided that the project should be managed by community members rather than the original developers. The name was changed to avoid confusion with other similarly named projects and to better represent the vision and goals of the new project.
All services will be made accessible through industry standard Application Programming Interfaces (API), enabling the integration between not only products developed by Block-Logic but also partners and 3rd party developers.
"Every six months (or 262,080 blocks) the rewards per Block will be reduced by 1 until rewards per block are at 5. Rewards percentages for Masternodes, Staking and Governance will remain the same. It is expected that when the rewards are reduced to 5, the supply to the network will be sustainable and the increase or decrease of supply will be negligible to the number of tokens in circulation year on year. Block-Logic reserves the right to revisit and adjust the tokenomics annually."
|Full Name||Block-Logic (BLTG)|
|Total Coins Mined||22,899,329 BLTG|
|Previous Total Coins Mined||34,893,677|
|Net Hashes Per Second||3,489,895,144,609.00 H/s|