Post
Topic
Board Announcements (Altcoins)
Re: HoboNickels - HBN - High Fast Stake - Version 2.0! More Secure, Less Intensive
by
markm
on 10/05/2021, 23:50:16 UTC


I had a thought in regards to the token ratio question previously. DMD is going through a very similar upgrade from old Bitcoin style wallet / staking to an ERC-20 token. (https://bitcointalk.org/index.php?topic=580725.17100) One of the things they're doing is "lost coins", those being non-claimed after a certain period of time will be forfeit and subsequently repurposed for new staking/burning/fees/whatever else you can think of. I think something like this is a way to allow the old Hobonickels blockchain to exist while the ERC-20 token can eventually separate itself entirely from having to deal with swap overs. I believe a SNAPSHOT would be required for this to work. Just thinking out loud here.


DMD is NOT going to ERC-20 token, it is going to new version that is basically akin to a souped-up ETHereum, but using honeybadger concensus and basin its governance on delegated staking so voting will be far far cheaper than for e.g. ethereum-based DAOs and such.

DMD v4 will support Ethereum contract languages thus anything you run on Ethereum you will be able to run on DMD instead cheaper and (at least until Ethereum gets its sharding or whatever) faster.

-MarkM-