Post
Topic
Board Announcements (Altcoins)
Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace
by
Munti
on 16/04/2017, 18:08:03 UTC

there will be a fork? what kind of fork and why? thank you for the answers.


What is the purpose of this fork? This could get interesting. The team should provide an announcement what are to change and some features if there are to be added. It may be the first time I have been in this thread but I own some of Bitbay on bittrex for quite awhile already. If there is a fork that's to happen, we do have the right to know.

When we forked to POS3 in january 2017, there was a glitch. The amount of coins was not adjusted, resulting in the stake being to low. It's now only 1.5 Bay for each block, but should have been 20.5 Bay.
We used the built-in voting feature in our client to let the community decide if we should wait adjusting that until we fork for pegging, or if we should do it sooner. the community voted sooner.
We will do it the same way we did in january. David will release a new wallet 2-4 weeks before the fork that automatically goes to the new fork at a certain blockheight. all you will have to do is to download it and import your keys to it anytime between the release and the fork. You will be able to use it as you are acustomed to the whole time.
Announcement will be made when it's ready, and you will also get a notification in the client.