NETCOIN MANDATORY UPDATE: V2.5
Hey NETheads!
Here it is, v2.5 has arrived!! Not something we wanted to do but for PoW to continue, and for the core upgrade it had to be done. Also we don't want to be a PoS only coin, so we decided to keep it going. It's something we feel is good in a coin security wise and for the dedicated miners that have supported Netcoin's NETwork and because people still do mine it traditionally. That said we have continued on our PoW to a static reward of 15 coins per block and sorry to say, but the hourly 8x superblocks have been discontinued. Also PoS rewards for PIR year 3 are changed to 2-4-6-7-8-10% because with these market volumes it could never sustain the current reward settings.
v2.3.0 and v2.3.1 users will need to backup of course, and save your wallet.dat file in a handy spot then clean the AppData>Roaming>NetCoin folder and start the new v2.5 from scratch. Once synced, you can then shutdown and replace the wallet.dat and restart the wallet.
If any of you updated to the last 2.4 or v2.4, nothing is further needed but to backup and run the new client.
Any questions just ask
Go NET!
https://github.com/netcoinfoundation/netcoin/releases
Is this a hardfork as the pir rewards are changing? When is the scheduled date to cut over and have exchanges been notified? The post says mandatory but i don't see mention of hard fork at block x anywhere.