Official announcement: There are only 7.25 million BZZ available for mining in Swarm 1.0 phase!

According to the official white paper and official information released: In the Swarm 1.0 phase, miners can only mine 6.25 million coins, plus 1 million coins airdropped, for a total of 7.25 million coins.

Swarm is a method of transferring traffic fees between nodes. Officials said that there is no block reward in Swarm mining. What is mined is traffic fees and storage fees. That is, the data requesting node pays the service node for traffic fees and temporary storage fees for data transfer. Therefore, the node's income comes from the traffic fees and storage fees given by other nodes.

In terms of traffic fee payment, Swarm adopts a safer "step-by-step payment" mechanism. The service node transmits data in segments and waits for the requesting node to return a "check". If the check is not received, the service node will not send subsequent data and will blacklist the requesting node.

In this way, the loss of service nodes can be reduced to a very low level, and the requesting nodes do not have to worry about being "run away" after paying the traffic fee once, thus realizing traffic billing with two-way protection.

These checks are submitted to the chain, and through the smart contract, the corresponding tokens are transferred from the data requesting node to the service node based on the signature and destination of the receipt.

1. Swarm mining does not have any block rewards, but is a form of traffic fee transmission between nodes and temporary data storage.

2. The upper limit of the traffic fee that a node can receive is related to the bandwidth. The higher the bandwidth, the higher the upper limit of the traffic fee.

3. The traffic that a node can transmit is also limited by the node's system bottleneck. In the swarm solution, the system bottleneck is disk IO.

BZZ Token is Swarm's utility token and is also used for bandwidth and storage rewards.

Token Information

At present, Swarm has received investments from many well-known institutions including ALPHEMY CAPITAL, bitscale capital, DFG, KR1, HASHKEY, NGC Venture, Lede Capital, P2P CAPITAL, Waterdrip Capital, White Paper Capital and YBB Foundation LTD.