Post
Topic
Board Announcements (Altcoins)
Re: (ANN) Netcoin has gone POS! With PIR! & POSV Mandatory update (Block 420000)
by
Netcoin Foundation
on 26/08/2014, 07:44:01 UTC
Hi guys,
 Thank you for the kind comments!  For the last weekend I'd been checking and double checking everything we changed over and over, hoping I hadn't missed something.  I then spotted a critical bug in the PIR function for stakes over 10 Million Net and had to break the news to Admin.  After I fixed it, Admin did a great job contacting the exchanges and pools to tell them to get the latest update. It was bank holiday weekend in the UK and I thought we were doomed!  But the exchanges responded immediately.  Phew!

You would not believe the relief Admin and I experienced as we ticked through 420,000, saw the POW rewards switch from 128 to 320 in the wallet and I got a first coin stake about an hour later, for the expected amount.  I look forward to the next improvements. Right now, we need to focus on documents and write-ups explaining the new netcoin protocol and rewards system with info-graphics.  We can now use particular blocks in the real chain to show as worked examples of the PIR + POSV effect on stake rewards.

We will certainly look more into casheer.net once we have more concise documentation about Netcoin to send them.

Here's to a future where Netcoin is THE number one buying, spending and investment vehicle on the internet.

who (Netcoin Developer)
Netcoin NET  Your Currency on Your Terms