Post
Topic
Board Announcements (Altcoins)
Re: [ANN][COVEN]|33k.7 Supply|HexNode|StealthMsging|Multisig|SmartX|IoT|I2P|TOR|COV2
by
wurstgelee
on 01/07/2015, 12:33:28 UTC
But what do you mean "turn on POW".. Proof of Work ended with mining , bit confused here.

That means: Fork the current codebase to reenable PoW (probably with a low reward to not unneccessarily bloat coin supply) at current chain height to get it moving again.


Once again:

There is no need for manually sending wallet.dat files to you and no need for you manually transferring coins as well. Take a snapshot at a certain height of the COV1 chain and simply premine the amount each address holds to the same addresses in the new COV2 chain.
 
- Ensure that the current priv/public keypairs are still valid in the new COV2 chain when taking that approach.
- Ensure  that all COV markets on exchanges are halted (disabling wallets is not sufficient for obvious reasons) prior to taking that snapshot.
- Check with the exchanges if they would follow that approach - if not give people enough time  - with a moving COV1 chain - to transfer their COV1 coins to local wallets prior to taking the snapshot.