Support Center

What does it mean to send dividends at a particular block height?

Last Updated: Sep 06, 2014 11:00PM IST
Coinprism lets you send dividends to coin holders. When sending dividends, you can specify a block height value, which defines at which point in time ownership of that colored coin should be considered. 

If you select the last block of June, every address who owned the coin at the end of June will receive the dividends, even if they since sold them. This is possible because the Blockchain is a full historical ledger.

Let's imagine that we have 3 coin holders: Alice, Bob and Charlie and 1 "blue colored coin".

At block height 299999, coin holder Alice owns the "blue colored coin".
At block height 300000, coin holder Alice sends the "blue colored coin" to coin holder Bob.
At block height 300001, coin holder Bob sends the  "blue colored coin" to coin holder Charlie. As of today we can assume coin holder Charlie still owns that colored coin.

  • If you decide to send dividends as of block height 299999, at that time coin holder Alice owned the  "blue colored coin" so Alice will receive the dividends (even though she no longer owns the colored coin as of today).
  • If you decide to send dividends as of block height 300000, at that time the "blue colored coin" got transferred from Alice to Bob, so Bob will receive the dividend (even though he no longer owns the colored coin as of today).
  • If you decide to send dividends as of block height 300001 or as of the current block height, coin holder Charlie will receive the dividends.
support@coinprism.com
https://cdn.desk.com/
false
desk
Loading
seconds ago
a minute ago
minutes ago
an hour ago
hours ago
a day ago
days ago
about
false
Invalid characters found
/customer/en/portal/articles/autocomplete