https://image.ibb.co/hm8s56/Buzz_Update.pngNEW WALLET RELEASE - Mandatory UpdateThe new wallet, v3.0, is with us! There are quite a few new features in it, which are being listed here in brief. For full details, you can see the changelog - the link is below...
The biggest change is the Staking Reward Percentage - 1200% is a massive return, but with the projects Buzz want to generate rewards for, it was simply unsustainable. Instead, Buzz is employing a dynamic staking reward percentage based on the number of coins in circulation - the formula is (1200-(1200*(Current Supply / Maximum Supply)). This means that the closer Buzz gets to its maximum coin supply, the lower the percentage.
Power Blocks 1200 isn't gone forever, though - a percentage of blocks that are staked will still attract the 1200% rate!
Minimum Stake Age - After block 940,000, the time taken for coins to mature in your wallet will increase from 8 hours to a more dynamic figure, again, based on the current coin supply. (Current Supply / 1,000,000,000) * 8 hours. However, Power Blocks will mature instantly
Maximum Stake Age - At block 935,000 a maximum stake age of 16 hours activates. This means that if any coins in your wallet haven't staked for a while, it's quite likely that you'll be able to stake at the full 1200% rate between blocks 935k and 940k. After 940k, the Maximum Stake Age will be twice the Minimum Stake Age
No More Coin Control!!! Unless your stake reward is greater than 25,000,000, you can tell the wallet to combine staked inputs automatically, negating the need to employ coin control!
Windows AV Fix - Many coins' wallets have prompted various anti-virus utilities to flag the wallets as carrying a Trojan or virus. This was due to IRC communication which has been eliminated
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This is a MANDATORY UPDATE to the wallet, and any stake rewards or mining efforts that are done with the old wallet after block 940k will be invalid on the blockchain. So please, UPDATE YOUR WALLETS!!!
They can be obtained from the NEW WEBSITE - that is the ONLY place the wallet will be made available
Other important links
Github - https://github.com/buzzcoin-project/BUZZ/releases/tag/3.0
Upgrade Instructions - https://medium.com/buzzcoin/how-to-update-to-new-wallet-593a216935d7
More Details - https://medium.com/buzzcoin/official-buzz-3-0-stability-wallet-changelog-4bdce518c551
The Buzz Team
** How can we "tell the wallet to combine staked inputs automatically"? I looked at the options in the new wallet and I am having trouble figuring out how to do this.
Thanks for your help!
