diff --git a/specs/core/0_beacon-chain.md b/specs/core/0_beacon-chain.md index 065321acb..b2dbc426e 100644 --- a/specs/core/0_beacon-chain.md +++ b/specs/core/0_beacon-chain.md @@ -207,7 +207,7 @@ Unless otherwise indicated, code appearing in `this style` is to be interpreted | `BASE_REWARD_QUOTIENT` | `2**10` (= 1,024) | | `WHISTLEBLOWER_REWARD_QUOTIENT` | `2**9` (= 512) | | `INCLUDER_REWARD_QUOTIENT` | `2**3` (= 8) | -| `INACTIVITY_PENALTY_QUOTIENT` | `2**24` (= 4,194,304) | +| `INACTIVITY_PENALTY_QUOTIENT` | `2**24` (= 16,777,216) | * The `BASE_REWARD_QUOTIENT` parameter dictates the per-epoch reward. It corresponds to ~2.54% annual interest assuming 10 million participating ETH in every epoch. * The `INACTIVITY_PENALTY_QUOTIENT` equals `INVERSE_SQRT_E_DROP_TIME**2` where `INVERSE_SQRT_E_DROP_TIME := 2**12 epochs` (~18 days) is the time it takes the inactivity penalty to reduce the balance of non-participating [validators](#dfn-validator) to about `1/sqrt(e) ~= 60.6%`. Indeed, the balance retained by offline [validators](#dfn-validator) after `n` epochs is about `(1-1/INACTIVITY_PENALTY_QUOTIENT)**(n**2/2)` so after `INVERSE_SQRT_E_DROP_TIME` epochs it is roughly `(1-1/INACTIVITY_PENALTY_QUOTIENT)**(INACTIVITY_PENALTY_QUOTIENT/2) ~= 1/sqrt(e)`.