Quote from: techniumunlimited on May 18, 2019, 03:24:26 AM

Quote from: techniumunlimited on May 03, 2019, 06:01:13 AM

Note: Cryptopia has re-enabled Ignition Coin trading: https://www.cryptopia.co.nz/Exchange/?market=IC_BTC

Well, this note ^^ didn't age well. It was announced that Cryptopia has entered liquidation. Please see this page for information: https://www.grantthornton.co.nz/press/press-releases-2019/cryptopia-limited-appoints-grant-thornton-as-liquidators/

In other news, we are preparing to release Version 1.2.0 version of Ignition Coin, which will be a required update, but you will have either 4 or 6 months to upgrade. (TBD this week)

The changes will include an end to PoW and a rebalance of PoS/MN Reward ratio, from 50/50 to 45/55%, but both POS and MN's will earn rewards twice as often, due to PoW's end. This will activate (the end of pow and rebalance to rewards) at a set blockheight (either 4 or 6 months away).

We are also considering implementing an automatic scaling of blocksize maximum's in this upgrade. The idea is that the 20MB block size limit would be able to increase at set intervals by either set amounts (+kB/block), or set percentages, i.e., +1%, every X blocks (could be every year, every 2, etc).

Normally, it requires a fork upgrade (similar to this one for pow ending) to change block size, so if we think the block size will need to grow at any point in the future, it would be in our best interest to include these changes now (to activate in the future) rather than make a required network upgrade in the future that is stand-alone.

This would ensure that blocks will scale for on-chain transactions, automatically, far into the future, and at a much slower rate than moore's law.

Please reply here or in discord with your thoughts on this final question. Thanks.

This should be the final changes for the network upgrade:

PoW Mining will end at block 521352 ~Nov 15th
PoS/MN Reward Ratio Change from 50/50 % to 45/55 % also at block 521352 ~Nov 15th
A Bi-Yearly Max Blocksize Increase System for On-Chain Scaling that starts in ~4 years (6th year from genesis block approx.)
Some Bug Fixes & Minor Improvements

We are waiting for Raz to get mac compiles built when he has free time, and then we will prepare for full release. If you have any questions, join our discord at https://discord.io/Ignition

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