We have reduced the estimated POW period from 6 months - 1 year to 10,000 blocks (6.9 Days) this was due to some security concerns I had after speaking with mining farm and pool owners. Like some have posted on the forum with a long POW period there are various scenarios that the Stratis network could have been susceptible to attack. We also could not foresee the ETC/ETH situation, ETC is another blockchain that we would have to compete with for hashrate.
After the 10,000 POW blocks the Stratis blockchain will transition to POS only, the interim wallet is based on blackcoin and utilizes its POSv3 Proof-Of-Stake algorithm. We have made the decision to utilize POSv3 in the Stratis full node framework, due to the fact it was developed for Bitcoin and has active development. FYI We will be rewriting POSv3 and implementing the changes required to integrate POSv3 into later versions of Bitcoin.
This is imperative for the security of the network that coins are minted and distributed during the POW phase.
which is a good idea , bounty hunterz can't dump their coins
right buddy so the coin can be active first and those who really invest will benefits from it first and the dev can control a big dump i seen a great future of this project all we have to wait is just a couple of days and we will see the results of the hardworking dev that we have here.
I don't see any scam here. The only mistake they made is they rush on exchange. Just imagine the price of waves once they trade after a functional full feature of waves platform. Lesson learn.
Chris is wise, cleverer than sasha, sasha disclosed the secret and polo refused him, he deserved the waves' fiasco.
Let's hope we can get listed there. And we need do more promotions, to da MOON!!!STRATIS KING!
can't agree more. The way chris talk show that he learn a lot from waves and sasha. Tbh, I don't mind the dev focus on working for 3-5 months before mainnet launch.
Hi today my friend invite me to join E-dinar. I'm still confused with its system but it looks like a pyramid scheme. 4-5% for every 7days and a lot of intensive for referral program. So is it what I think?