Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ★★ EBT Coin - Pure Proof of Stake - Critical update to 3.0.1! ★★
by
EBT
on 01/06/2014, 04:04:24 UTC
Coin seems alive to me Smiley

EBT is alive. Adoption of the security update is nearing 60%.

At about 75% adoption we'll make some announcements relating to the direction of EBT. As a preview, we can disclose that EBT holders will be among the first to experience some new in-wallet uses of cryptocurrencies.

EBT is under constant development and monitoring. We have been keeping close track of the performance of the block chain and of any threats. Currently, like most other coins, there may be some periodic attacks on the EBT network, but they have not significantly effected the block chain. The only evidence of attacks that we have at this point is some unusual variance of block times, although this variation may be from normal network activity. Currently, the mean block interval is 80 seconds, which is almost triple the target interval of 30 seconds, giving the team a small amount of concern.

The block interval has been high since the PoS switch, which was expected because of a minting rush from very mature coins followed by a vacuum of stake once these coins minted. The mean block interval has stabilized greatly in the last week or so, although it is not yet ideal. If the mean block interval does not stabilize to close to the target of 30 seconds soon (within 2 weeks), we will add additional block consistency checking and more tests for misbehaving peers, to reduce the opportunity for denial-of-service attacks.