Post
Topic
Board Announcements (Altcoins)
Re: [ANN][YAC] YACoin ongoing development
by
Beave162
on 03/02/2021, 04:56:02 UTC
To clarify, the old chain will theoretically continue just as in any hard fork. A couple points:
-The ports will be the same
-'Replay' protection will not be implemented

There is a lot of risk in trying to continue a minority chain, but YACoin is (and has been for 8 years) a functioning cryptocurrency with an open consensus mechanism.

I'm wondering how it was decided to convert YAC to POW only.  I don't recall seeing a discussion here, in GitHub, or miners voting with their hashrate.

YACoin Resurrection Hard Fork – Heliopolis

YACoin is getting an upgrade (finally)! At block height 1,890,000, a hardfork will occur. Here is a list of main features of the upgraded chain:


-PoW ONLY – No more Proof of Stake. Proof of Work is the innovation of Bitcoin.

-2% annualized supply inflation max. Fees are destroyed, which can cause supply deflation with increased economic activity. The block reward is calculated off of the total money supply. First PoW coin to do so.

-Unique algorithm. Sticking to its roots, YAC will maintain the inventive scrypt-chacha (aka scrypt-jane). NFactor will be set at 21 to be ASIC resistance but also mineable for many CPUs and GPUs.

-Intelligent Block Size Increase. Block size will increase over time at no more than 2%--dependent on the total money supply.

 -Set epoch lengths. At 21,000 blocks for each epoch, the ‘compounding bad luck’ problem faced by the mining ecosystem is addressed. The system incentivizes more decentralization, smaller miners/pools.

-Timelock and atomic swap/loans capabilities.

Upgrade includes many bug fixes (incl. txid malleability bug, UTC timestamp bug) as well as other features and more to come. [/color]

Download/compile the latest YACoin 1.0.0 repo build at the public github repo: https://github.com/yacoin/yacoin/