Post
Topic
Board Announcements (Altcoins)
Re: [ANN-REBRAND] FantasyGold Coin [FGC] - Fantasy Sports & LIVE Vegas eSports - MN
by
NicoDFS
on 13/04/2018, 00:36:01 UTC
*IMPORTANT UPDATES PLEASE READ* 4/12/18

Proof of Stake Update

It was brought to our attention last night that Bulwark was planning to make some updates to their chain due to recent 51% attacks effecting the NIST5 algo. In addition to risks of 51% attacks Baikal has just released a new miner that supports NIST5 and claims 10GB of hashing power. This alone is reason enough for us to make a change now before the swap.   

https://www.baikalminer.com/product09.php

In the interests of network security have opted to move straight to Proof of Stake ahead of the April 30th Swap. We feel that trying to change the Algo in such a short time will be risky to the swap going smoothly. Trying to do so might make us late for our own swap if the initial change to a new algo has any problems.
We will be running a testnet with Proof of Stake before the swap and report back to the community so it will be clear what the PoS/MN splits will be for Year 1. They will most likely be the same as the Proof of Work splits.
Regarding the Swap.

Please remember to deposit your DFS on CoinExchange.io BEFORE April 30th!!
IF YOU DO NOT DEPOSIT ON OR BEFORE ARIL 30TH YOU WILL LOSE ALL YOUR COINS!
In a team meeting held this morning it was decided that there will be NO exceptions.