Ok, so we have a new dev on the scene for POSv. Here is the proposal. I am curious what people's feedback is in terms of technical risk and implementation. Once this looks good we will execute ASAP. Also would be happy for people to sign up for testing.
Here is the new dev's proposal:
1. We will use new blockchain. Current one will not be used after migration to POSV anymore. The new one will keep all the balances from an old one. Question: do you also want to re-send transactions with messages which were on old blockchain? This is doable however complicates things.
2. Such setup gives us several bonuses:
- freedom to perform tests for a week or two so people will be able to download new POSV wallets and check if their money is still there.
- we will check if messaging works
- and check how staking works
- you will also have shorter blockchain which speeds up future client installations
3. After tests are finished we will let external parties (exchanges, pools etc) know they need to proceed with wallet update.
Does this mean the CCN folks are not doing the POSV coding? If not, who is doing the coding? What code base will be used? Do they have experience doing this type of blockchain conversion? Will the source be public? What other decisions have been made?