Re: [ANN][OC] Orangecoin - Limited POW Distribution Starts NOW!!!!

Quote from: Orangecoin on April 29, 2014, 05:36:37 PM

Quote from: Specialkey on April 29, 2014, 03:06:27 PM

Thanks for information about the mac wallet- very important- much mac users outside.

What is with the POS stage?

Do you Devs have everything under control or do we all get Yellow coin problems?

Thanks for information

MAC Wallet https://mega.co.nz/#!pVYhiKjS!B9pqrkT2hy1lwkJ_oUCLHpg5ApI-nU_HOyFTHfxsoZ8

Ok. Firstly Yellow coin has a POS height too high meaning stake will take up to 3 years. Not a wise investment.

Code:

unsigned int nStakeMinAge = 60 * 60 * 24 * 1; // minimum age for coin age: 1d
unsigned int nStakeMaxAge = 60 * 60 * 24 * 1000;

Whitecoin had a broken unlimited time of POS.

Code:

unsigned int nStakeMinAge = 60 * 60 * 24 * 2; // minimum age for coin age: 2d
unsigned int nStakeMaxAge = -1;

We chose a rational and realistic approach

Code:

unsigned int nStakeMinAge = 60 * 60 * 24 * 14; // minimum age for coin age: 20d
unsigned int nStakeMaxAge = 60 * 60 * 24 * 28;

In 14 days the network will start to generate pos blocks like crazy. We will produce no more POW blocks after block 10,000. Whitecoin is looking at implementing this and yellow coin hasnt.

Code:

static const int CUTOFF_POW_BLOCK = 10000;
if (IsProofOfWork() && nHeight > CUTOFF_POW_BLOCK)
return DoS(100, error("AcceptBlock() : No proof-of-work allowed anymore (height = %d)", nHeight));

With 10K block at 2 minutes will take 13.9 days at perfect timing, expect that to increase slightly and POW/POS network will be an an almost instantaneous switch.

We addressed both issues pre launch.

Very encouraging to find a dev who actually reviews the code and understands the logic! Too many simply copy/paste, change a few values and hope it works