This article was first published on Wanchain - Medium
(Editor’s note: the following is a guest post from Wanchain validator and longtime community member, Chainlayer)
This article is for those people who are getting confused seeing the payments of the recently launched Wanchain PoS network and want to know a little better how those numbers add up. We will walk you through the key aspects of Wanchain’s reward mechanism so you understand for yourself why the rewards seem to be different from day to day.
Luck or fairness
Luck has a lot to do with it. I think most questions that were asked in the past few days had “luck” as an answer. Now no one wants to hear luck too often especially if it’s the answer to why you would have less rewards. And yet luck is a very powerful word. Luck in this sense isn’t actually luck. It is randomness that truly explains whats going on here, and I’ll give you a small example first.
Let’s say you and me start flipping some coins. If it is heads I win, if it is tails you win. Now let’s flip a coin 10 times
In the image you can see the probability of the number of heads coming up. As you can see the chance we both get 5 wins is the highest. This means that an algorithm using heads and tails to divide income over two people could be seen as fair.
Now we play a game with 6 people and a 6 sided dice. The number of wins expected here is 1/6th of all wins. If you do that 100 times the distribution of wins look similar to the heads and tails image above. So out of 60 throws you can expect to win 10 times on average, however a real distribution of 10,000 throws might look like the picture ...
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Wanchain - Medium