Hard fork at block 80.000 which will update the mining system and will implement the alias system

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Mercury80
Posts: 20
Joined: Sat Jan 06, 2018 7:59 pm

Hard fork at block 80.000 which will update the mining system and will implement the alias system

Post by Mercury80 » Tue Jul 24, 2018 9:22 pm

Some information about the upcoming Arionum updates:
- There will be a hard fork at block 80.000 which will update the mining system and will implement the alias system.
- The development has been finished on both mining and the alias system. Currently they are undergoing tests.
- The mining system will be changed to a hybrid mining system in which 1 block is given to CPU miners, 1 to GPU and 1 to masternode staking.
- Masternodes will be implemented starting block 80.000
- To create a masternode you will need 100.000 ARO and you will lock those funds as collateral for minimum 3+1 months.
- The masternodes will be winning blocks based on a Proof of Stake system.
- There is no limit on the number of the total masternodes.
- The masternodes will be used for the project governance and for taking decisions regarding the Arionum blockchain. For example, voting for new features etc (implemented at a later stage)
- The masternodes will be used for handling asset transactions (implemented at a later stage)
- It's possible to implement some sort of sidechain for much faster transactions using the masternodes, at a later date.
- We have implemented a bootstrapping feature to have the nodes do the initial sync much faster.
Last edited by Mercury80 on Wed Jul 25, 2018 12:42 pm, edited 1 time in total.

Exuberant
Posts: 1
Joined: Sun Jun 17, 2018 2:45 am

Re: Hard fork at block 80.000 which will update the mining system and will implement the alias system

Post by Exuberant » Wed Jul 25, 2018 5:19 am

Whoa that’s big news. 👍🏼👍🏼

Mercury80
Posts: 20
Joined: Sat Jan 06, 2018 7:59 pm

Re: Hard fork at block 80.000 which will update the mining system and will implement the alias system

Post by Mercury80 » Tue Aug 07, 2018 9:23 pm

Important information regarding the upcoming hard fork (block 80000).
- If you own a node, it's mandatory to update it before block 80000.
- If you use the Web Wallet/Android Wallet, no action is required from your side.
- If you use the Windows LightWallet/CLI LightWallet, it's recommended but not mandatory to update it.
- If you have coins on Mercatox, no action is required from your side.
Please note that Withdrawals/Deposits won't work a few days before the hard fork and up to a week after it.

Always back up your private / public keys before updating the wallet.

Mercury80
Posts: 20
Joined: Sat Jan 06, 2018 7:59 pm

Re: Hard fork at block 80.000 which will update the mining system and will implement the alias system

Post by Mercury80 » Tue Aug 14, 2018 11:25 pm

The hard fork has been successfully implemented. It has been a bumpy ride but it's now finished and everything is working as expected. Our initial plan to create a 3rd block for the masternodes has failed, as we did not anticipate that many of the nodes would be down. We did an emergency HF at block 80460 in which we have switched to 2 block types, 1 gpu and 1 cpu and giving the masternodes 33% of the reward of each block. In the end it's the same reward structure and the masternodes/gpu/cpu are getting the same rewards as we initially announced, just a different implementation. We regret the inconveniences caused in the last days and we would like to thank the Arionum community for being so supportive about it. We'd also like to thank the pioneers who have taken the risk and made the first Arionum Masternodes. There are currently 73 masternodes active!

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