MOIN v1.1.0.0 - Mandatory update



Proof of Stake v3

The new wallet implements Blackcoin's PoS v3 from block 282500. There will be 10% static inflation of the total current supply (minus the 3,568,555 MOIN burned after the swap), so the new static stake reward will begin at around 1.26 MOIN per block and increase from there. This means around 1700 MOIN per day will be split between those actively staking. The centralized checkpoint server has been removed.

Hierarchical Deterministic Wallets

Hierarchical deterministic wallets allow you to backup and restore all keys in a wallet from a single seed. The seed is presented to the user in the form of a 24 word mnemonic using common English words.
More information: https://en.bitcoin.it/wiki/Deterministic_wallet



All in, the v1.1.0.0 update incorporates enhancements from four Bitcoin Improvement Proposals:

BIP-0032 Hierarchical Deterministic Wallets
BIP-0039 Mnemonic code for generating deterministic keys
BIP-0044 Multi-Account Hierarchy for Deterministic Wallets
BIP-0065 OP_CHECKLOCKTIMEVERIFY

Feature releases are likely to include features built upon them.

The release also includes a fix to a deanonymization vulnerability as well as other bug fixes and optimizations too numerous to mention. The majority of this comes by way of SDC, BLK and BTC, so our thanks to them.

Installation

If you haven't already, please make a backup of your wallet.dat before upgrading. There will be a reindex on first launch which will take maybe 10-15 minutes and after which the wallet will close. You can then open the wallet and resume using it as normal.

This is a mandatory update as there will be a hard fork at block 282500 (around July 1st) for the switch to PoS v3.



Download links


Thanks for your continued support and enjoy.