Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, coin mechanics, 50% POS
by
cryptonit
on 16/05/2014, 08:09:48 UTC
Would someone from the dev team like to answer the question?  It's not really all that difficult to clarify I would imagine.  The 400,000th coin should be minted in about a week.  I'm guessing that blocks are ahead of money supply due to a fork earlier in the coins life when some blocks got skipped.  I've seen it happen before.

Looks like the devs need to clarify the situation?  Is it 30 days after block 400,000 or is it 30 days after minting (pre or post algo change) ?

As I understood from the first post, POS will start when money supply will be more then 400 000 DMD.

Not after 400 000 block.
good one  Grin Can you explain the difference ?

result of the - getinfo command in the wallet:

.....
"blocks" : 403436,
"moneysupply" : 387564.87036400,
.....

Looks like some blocks cost less then 1 dmd. Maybe it was in the first version of Diamond.

in the past of the coin there was a time with pos 1% active and created a lot below 1DMD blocks
thats the reason why total coins isnt sync to blocknumber.

in fact staking happens already but not successful creating rewards
this will be addressed in next wallet release.

every coin u have in ur wallets gather coin-age each day
with next wallet release u will be able convert that coin-age into POS rewards (=minting)

we have a testnet running where we already runing on a wallets that did run through a few code reviews and code adaptions

for now it looks good but we wont release it until further testing is done

one forced early release did hurt us enough
we have no need to release update wallet early and untested

network as it is now run stable and smooth
mining works pool mining works transactions are fast and secure

next release will polish code in lot areas but mainly focus on POS which is the core mechanism of diamond evolution