Post
Topic
Board Announcements (Altcoins)
Re: [ANN][RNG] Ring: Widest ever initial distro | Proof of Play | CPU Mining | Hive
by
LitecoinCashOfficial
on 18/02/2020, 21:42:50 UTC
Quick update folks; also crossposted to Ring and LCC Discords. The team's been crunching for hours to get our Ring chainstate snapshots so that they are absolutely correct; due to some chainstate database format strangeness in Dogecoin, we're not quite there yet, though very close to having that resolved. The chainstate snapshots are the first items on an extensive pre-flight checklist. We want to be sure that when we release, not only the wallets but the supporting infrastructure are as solid as can be.

I'm not going to give any release time estimate other than to say that a release within the next 24 hours is, at this point, pretty unlikely.

Once we do have a final release, we will hold for at least a couple of hours and announce the release time across all mediums.

However, when it comes time to finally drop the links, while we'll try to drop them on all mediums as simultaneously as we can, Ring Discord #general chan will be the first on the paste list.

Proof-of-play blocks will not be available until there are Hive-mined blocks (which will take at least 2880 blocks, since the first dwarves need to mature), and Minotaur pow blocks begin on a slow-start, ramping up from zero to their final block reward of 0.2 RNG over 2000 blocks. This is to prevent early miners having an unfair advantage before everyone's had a chance to get synced, as well as to allow mining difficulty a chance to adjust to the network's collective hashrate. So, don't worry if you're not there from minute zero, you won't necessarily get left behind.

Furthermore, as with the LCC launch, it will be provable that no mining has occurred between the Initial Distribution blocks and publicly mined blocks.