Damn! can't even leave for a couple of weeks without all Hell breaking loose
Just did the walley upgrade and it seems to work ok on the new fork, but now I see we are "blessed" with yet another Monero knock-off (first sumokoin, now "monero classic"). Am I correct in understanding that these two are both copies with own blockchains, and the next lovechild, monerov, will fork off from the present v.7 blockchain?
Also wondering how the drop in hashrate after the fork is going to affect ability to scale and confirmation times going forward?
sumo coin did not started same as "monero classic" or might monerov. It started with genesis block, other two started with as many coins Monero had at time of fork.
Drop in hashrate made first blocks slower. So yesterday after hardfork, Monero was as slow as Bitcoin. Like block every 10 minutes. Now it will ofcourse catch up and blocks will be faster then in 2 minutes until it will get back to normal around 2 minutes a block.
Not sure what should ability to scale have to do with it. Monero block can grow and shrink and is not bottleneck of scaling. It is something else, you should google it.
Well, at this point I'm just waiting for all the fallout to settle. Looks like we are now up to 5 Moneros and counting -
https://bitcoinmagazine.com/articles/monero-just-hard-forked-and-it-resulted-four-new-projects/
I will be watching exchange support for all these coins very closely.