is the old dotcoin scrypt blockchain working?
Coinswap to the present token DOT and Scrypt-mining (& all the mining pools @Cryptopia) are all gone more than 5 months ago. You have to check the Forums @Cryptopia to see some info and possible updates. I do not see any reason for them to run the old blockchains and enable transfer of old DOT from old mining pool to any old wallets; Nevertheless, You can still get the private keys for your coin addresses without syncing with the old blockchain. How to get old coins swapped to new DOT is up to a ticket and contacting the support team.
This is the official announcement about it.
https://www.cryptopia.co.nz/News
Quote
DOT Swap Update
Some of you will have noticed that the DOT wallet has been in maintenance for the last couple of days. This is because we have been finalizing development of the DOT swap to the Ubiq platform. You can read about the Ubiq platform and get your new wallet here https://ubiqsmart.com/. We are very excited about this change and have high hopes for the future of DOT on the Ubiq platform.
Heres how the swap is going to work:
Any confirmed balance of DOT you had on Cryptopia has been swapped 1:1 for the new token
Any deposits received in the next 30 days will be swapped by us, just follow the steps on our forum: https://www.cryptopia.co.nz/Forum/Thread/2469
The final date to swap your DOT will be the 29th of October 2017. After this date we will still consider swaps but we will process them manually via Support Tickets.
Why did we choose to swap DOT?
DOT recently joined the list of coins that have affected by 51% attacks. We managed to identify and respond to the attack sooner rather than later though the attacker did manage to make an impact on the market. We covered the lost DOT from our own reserves. Due to the amount of hash that can readily and easily be thrown around at small networks these days we had to ask ourselves if it still makes sense for DOT to run on its own network as it is clear to us that we cannot afford secure the network ourselves, and that the demand for DOT is not sufficient enough to attract the amount of distributed computing power required to sufficiently secure the network either. We decided to perform a swap of the DOT blockchain to a Ubiq asset, the use case of DOT is not based around mining or proof of work so we don't think anything is lost in moving DOT to a token platform
Published by: phire @ 9/29/2017 5:04:55 AM
Some of you will have noticed that the DOT wallet has been in maintenance for the last couple of days. This is because we have been finalizing development of the DOT swap to the Ubiq platform. You can read about the Ubiq platform and get your new wallet here https://ubiqsmart.com/. We are very excited about this change and have high hopes for the future of DOT on the Ubiq platform.
Heres how the swap is going to work:
Any confirmed balance of DOT you had on Cryptopia has been swapped 1:1 for the new token
Any deposits received in the next 30 days will be swapped by us, just follow the steps on our forum: https://www.cryptopia.co.nz/Forum/Thread/2469
The final date to swap your DOT will be the 29th of October 2017. After this date we will still consider swaps but we will process them manually via Support Tickets.
Why did we choose to swap DOT?
DOT recently joined the list of coins that have affected by 51% attacks. We managed to identify and respond to the attack sooner rather than later though the attacker did manage to make an impact on the market. We covered the lost DOT from our own reserves. Due to the amount of hash that can readily and easily be thrown around at small networks these days we had to ask ourselves if it still makes sense for DOT to run on its own network as it is clear to us that we cannot afford secure the network ourselves, and that the demand for DOT is not sufficient enough to attract the amount of distributed computing power required to sufficiently secure the network either. We decided to perform a swap of the DOT blockchain to a Ubiq asset, the use case of DOT is not based around mining or proof of work so we don't think anything is lost in moving DOT to a token platform
Published by: phire @ 9/29/2017 5:04:55 AM