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Lite paper faq (#105)
* wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * wip * Apply suggestions from code review Co-authored-by: Maciej Kula <[email protected]> * wip * Apply suggestions from code review Co-authored-by: Maciej Kula <[email protected]> * Apply suggestions from code review Co-authored-by: Maciej Kula <[email protected]> * wip * wip * wip * wip * wip * wip * wip --------- Co-authored-by: Maciej Kula <[email protected]>
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docs/research/synchronized-halving.md

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@@ -4,11 +4,13 @@ title: "Token Halvings Problem and Solution"
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# Token Halvings Problem and Solution
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Authors: [Maciej Kula](https://github.com/mcjkula), [Michael Trestman](https://github.com/MichaelTrestman) and [Spacetime_tao](https://x.com/Spacetime_tao)
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This page explains the motivation for synchronizing ALPHA [emission](#emission) halvings with the global [TAO](#tao-τ) halving schedule, in plain language without requiring any math.
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In Bittensor's Dynamic TAO (dTAO) system, each [subnet](../resources/glossary.md#subnet) has its own token, referred to as its ALPHA (α), which represents [stake](../resources/glossary.md#stake) in the subnet and powers commodity validation according to [Yuma Consensus](../learn/yuma-consensus). While this creates a powerful market-driven allocation system, the current design uses independent halving schedules that create unintended asymmetries over time, disadvantaging later subnet cohorts.
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For formal derivations, see the [white paper](https://github.com/mcjkula/papers/blob/main/dtao-halving-synchronization-2025-v1.pdf).
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For formal derivations, see the [white paper](https://github.com/mcjkula/papers/blob/main/dtao-halving-synchronization-2025-v1.pdf) by Maciej Kula.
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See also: [Token Halvings Problem and Solution: Frequently asked questions (FAQ)](./halvings-problem.md).
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