Does that mean there will be more than 8,759,944 Factoids once the network starts operating?
Thanks for clarifying, I'm curious as to the total supply. I guess my question is the same as above. What are we looking at here?
Factoids get converted to Entry Credits once people uses Factom to hash entries on the blockchain.
In the process the Factoids are used (means they don't exist anymore). Once a Factoid is converted to Entry Credit it cannot be converted back to Factoid.
So yes there will be more Factoids created over the years, there isn't a set number, they will be created to maintain the network and support/incentivize Federated Servers.
Although the initial number is the above, that number is subject to be reduced once people starts hashing things in the short term, even for testing purposes before we go live.
In the long term, after we go live, there will be more Factoids created by the network (not by the Factom Foundation).
We'll be able to estimate what percentage of the initial supply will be generated each year, depending on usage of our system.
We are still a while away from then and without testing the live network we can't make estimates for the moment.
