A token that runs a browser-based open-source peer-to-peer network encapsulating a bittorrent layer incentivizing content curation & distribution.
The initial block reward is 16 RES per block. A block is generated every 2 minutes. This block reward reduces over time (see Halving) to give an incentive to early users of the platform. Eventually each block will have the same reward.
The block rewards are halved every 525800 blocks, which is approximately 2 years at an average time of 2 minutes per block. The block reward is halved till it is 1 RES and stays constant henceforth.
To avoid an identity conflict, a Proof of Work (PoW) based SHA256 algorithm is used. The miner solves a computationally hard problem which is decided by the difficulty level to mine a block. The solution to the problem shows proof of the miner's work in obtaining the block and hence there is no conflict in the identity. The SHA256 algorithm is a one way hashing algorithm which provides security not only to the network, but also the transactions as everything is given a unique hash value.
The difficulty level of a block determines how hard it is for a miner to get the hash value of the block. Initially the difficulty will start at 1, which is the lowest possible value, and will increase with subsequent blocks. The difficulty level is calculated as a moving average of the past 2016 blocks. The difficulty may increase or decrease to ensure that the average block time is approximately 2 minutes.