Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Silk Network: Silk(SLK), DarkSilk(DSLK) and Weaver
by
ttoroie
on 12/09/2016, 23:10:25 UTC
Process of launching the new Silk(SLK)

1. Silk Network will first take Weaver offline in preperation for the swap.

2. Nodes and DNS Seeders for Silk(SLK) will be setup.

3. The block explorer on Weaver (https://silknetwork.org/register) and the users accounts will have Silk(SLK) wallets added.

4. A new Silk(SLK) chain will be started and mined by Silk Network.  Mined PoW blocks give a 0 reward and no fees, so there is no benefit to us starting the chain before public release.

5. Funds will be then transferred to Weaver and user wallets will be swapped/credited with Silk(SLK). Silkcoin wallets will be removed from user accounts.

6. Checkpoints will be added to the Silk(SLK) code for added security (block & stake modifier).

7. Weaver (https://silknetwork.org/register) will be brought back online.

8. Silk(SLK) wallet will then be released to the public (GitHub/OP/Website) and Bittrex who will join the existing chain.

9. Funds will be transferred to Bittrex to enable the swap of their wallets (12160758.07152659 SLK).

10. We continue marching.

About that timeline
what happens if users want to transfer more Silkcoins after the 17th but the Silkcoin wallets are removed?
People can swap Silkcoins to Silk even after 17th?