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docs: explain the emission curve parameters #4750

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47 changes: 40 additions & 7 deletions base_layer/core/src/consensus/emission.rs
Original file line number Diff line number Diff line change
Expand Up @@ -48,19 +48,50 @@ impl EmissionSchedule {
/// a constant tail emission rate.
///
/// The block reward is given by
/// $$ r_n = r_{n-1} * (1 - \epsilon) + t, n > 0 $$
/// $$ r_n = \mathrm{MAX}(\mathrm(intfloor(r_{n-1} * (1 - \epsilon)), t) n > 0 $$
/// $$ r_0 = A_0 $$
///
/// where
/// * $$A_0$$ is the genesis block reward
/// * $$1 - \epsilon$$ is the decay rate
/// * $$t$$ is the constant tail emission rate
///
/// The decay in this constructor is calculated as follows:
/// $$ \epsilon = \sum 2^{-k} \foreach k \in decay $$
/// The `intfloor` function is an integer-math-based multiplication of an integer by a fraction that's very close
/// to one (e.g. 0.998,987,123,432)` that
/// 1. provides the same result regardless of the CPU architecture (e.g. x86, ARM, etc.)
/// 2. Has minimal rounding error given the very high precision of the decay factor.
///
/// So for example, if the decay rate is 0.25, then $$\epsilon$$ is 0.75 or 1/2 + 1/4 i.e. `1 >> 1 + 1 >> 2`
/// and the decay array is `&[1, 2]`.
/// Firstly, the decay factor is represented in an array of its binary coefficients. In the same way that 65.4 in
/// decimal can be represented as `6 x 10 + 5 x 1 + 4 x 0.1`, we can write 0.75 in binary as `2^(-1) + 2^(-2)`.
/// The decay function is always less than one, so we dispense with signs and just represent the array as the set
/// of negative powers of 2 that most closely represent the decay factor.
///
/// We can then apply a very fast multiplication using bitwise operations. If the decay factor, ϵ, is represented
/// in the array `**k**` then
/// ```
/// intfloor(x, (1 - ϵ)) = x - sum(x >> k_i)
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/// ```
///
/// Now, why use (1 - ϵ), and not the decay rate, `f` directly?
///
/// The reason is to reduce rounding error. Every SHR operation is a "round down" operation. E.g. `7 >> 2` is 1,
/// whereas 7 / 4 = 1.75. So, we lose 0.75 there due to rounding. In general, the maximum error due to rounding
/// when doing integer division, `a / b` is `a % b`, which has a maximum of `b-1`. In binary terms, the maximum
/// error of the operation ` a >> b` is `2^-(b+1)`.
///
/// Now compare the operation `x.f` where `f ~ 1` vs. `x.(1 - ϵ) = x - x.ϵ`, where `ϵ ~ 0`.
/// In both cases, the maximum error is $$ \sum_i 2^{k_i} = 1 - 2^{-(n+1)} $$
///
/// Since `f` is close to one, `k` is something like 0.9989013671875, or `[1,2,3,4,5,6,7,8,9,11,12,13]`, with a
/// maximum error of 0.49945 μT per block. Too high.
///
/// However, using the ϵ representation (1 - `f`) is `[10,14,15,...,64]`, which has a maximum error of
/// 0.0005493 μT per block, which is more than accurate enough for our purposes (1 μT difference over 2,000
/// blocks).
///
/// **Note:** The word "error" has been used here, since this is technically what it is compared to an infinite
/// precision floating point operation. However, to be clear, the results given by `intfloor` are, by
/// **definition**, the correct and official emission values.
///
/// ## Panics
///
Expand All @@ -78,10 +109,12 @@ impl EmissionSchedule {
/// is provided as a convenience and for the record, but is kept as a separate step. For performance reasons the
/// parameters are 'hard-coded' as a static array rather than a heap allocation.
///
/// See [`EmissionSchedule::new`] for more details on how the parameters are derived.
///
/// Input : `k`: A string representing a floating point number of (nearly) arbitrary precision, and less than one.
///
/// Returns: An array of powers of negative two when when applied as a shift right and sum operation is equal to
/// (1-k)*n (to 1/2^64 precision).
/// Returns: An array of powers of negative two when when applied as a shift right and sum operation is very
/// close to (1-k)*n.
///
/// None - If k is not a valid floating point number less than one.
pub fn decay_params(k: &str) -> Option<Vec<u64>> {
Expand Down