Official- Mandatory Wallet Upgrade- SegWit UASF on 31st May 2017
|
|
|
|
We are not dead . We are planning on doing a UASF if we can't push SegWit through in the next couple rounds . We also just released a road map. We will announce the info on the UASF in a new blog post soon . Thanks for sticking with us .  |
|
|
|
can the devteam finally make some statement about segwit. maybe its about to be aprovet, so the price wents to the sun? such an exiting event is happing and nothing comes from the dev team. its the first coin with segwit....common guys. do some marketing!!!!
try this https://vtconline.org/sf.html Hi, the dev team is on vertcoin slack daily . Feel free to jump on . We also have a Twitter , and a subreddit we post very often on . News is hard reach those who only check bct and live under a rock |
|
|
|
How long its must to be above 75% for Segwit?
2016 blocks correct?
Yes 2016 blocks |
|
|
|
No dev  Yes we have devs . We just have to sleep sometimes  |
|
|
|
Do not add segwit yet! VTC doesn't need it and in case segwit fails in other coins VTC will fly for not having it. Implement it here once the blocks are full, not before that. Segwit only makes the attack vectors bigger. If you trade in security you should get something in return, right? With segwit you trade in security and get nothing in return because VTC blocks aren't full.
SegWit isn't only a scalability fix |
|
|
|
Syscoin already upgraded to Segwit and the market didn't care.
Perhaps the market thinks there's nothing special about it, most altcoins that uses bitcoin code can easily upgrade to segwit. Perhaps the market thinks that adding a scaling solution to a coin that does not need scaling is not a big deal? Sure. Also, hasn't VTC kind of staked its claim as a small scale miner coin by changing the algo? I thought the whole long term strategy of this coin was to play safe and keep out big scale mining operations. Segwit adds functionality that has no relevance to that purpose that i can ascertain. And the fork talk. People would really like to see this coin split into two? You think it has the market cap value to support that and survive? Please correct me if I'm wrong, but the Vrn miner who refuses to switch has plenty of hash on its own and could very well mine the old chain and sustain it if forced to fork away- is that right? So if the method mentioned earlier to knock him out is successful and he doesn't switch, he would be forked away but continue on? VTC has survived by remaining relevant to small miners and a lack of competition among early coins as many of them have died off. There are only so many coins left from that era. Age=value. Look at NMC. Its not of much use as a crypto, but remains valuable given its age and what it has outlasted. Shouldn't that be the ultimate goal here with VTC? Survival. Forking the coin and adding function it doesn't need (and done by countless newer coins already) seems counter intuitive and adds unnecessary risk for the long term goals. Sorry if this pisses people off. Honestly I'm on the fence, but I do have a lot of concerns. I've also been into VTC from the very start, I'd hate to see one of my favorites do something dangerous soley for the purpose of hoping for some market attention and a pump. Upgrading to the latest Bitcoin Core base though adds a lot more security to the network from upstream fixes. Futhermore, SegWit will allow us to support the Lightning network once it is ready. Finally, a number of the BIPs (including SegWit) fix malleability issues that increase the security of the chain. All of this will allow VTC to outlast a great many coins. Interesting, thanks for the reply. I'm not sure I understand the need for security upgrades, maybe you could elaborate please? If there was a security issue, wouldn't it have been exploited by now on this or countless other coins running similar codes? What security risk is being diminished? My understanding was that even the quantum computer risk can be nullified by using a new wallet address for each transaction... Also, I thought this coin didn't have a scaling problem and therefore doesn't need the lightning network? There are inherent risks to any fork, I don't need to be a coder to understand that. I also have a good sense of markets and trading. From that perspective forking into two chains, in my opinion if it happened, is a bad idea. Sorry but its not convincing to me. I'm looking at cost/benefit. The cost here is a risk of forking into two coins and any inherent risks in the more complicated Segwit code that may not yet have been flushed out. I'm weighing that against the benefit that seems to be adding security upgrades that aren't needed and scaling which isn't needed. So its taking a risk, for no forseeable benefits (with the exception that it would almost certainly cause a short term pump). Where are you getting a risk of vertcoin being split into two coins ? |
|
|
|
I was expecting more buzz while 75% is creeping up, but it's quite silent here.
Where are you all chatting ?
We are chatting on vertcoin slack . Link to join on the ANN |
|
|
|
Vertcoin pool available to mining with autoswitching pool + merge mined coins Lowest payout payout only on GAME and DASH (request type payment coin will be added if some miner need it) bonus reward every 100GAME or 1DASH in total payout will be get 1 GAME and 0.01DASH Multipool with algo scrypt, sha256, x11 and lyra2rev2 https://granatgas-pool.infoHappy Mining Is your pool supporting SegWit ? |
|
|
|
CSV, BIP34, BIP65, BIP66 are locked in. Everyone needs to update to the current wallet to avoid losing coins. Version 4 blocks will be orphaned on the new wallet now .
Does that mean Vrn... address is going to start having all his blocks orphaned in a day or so? If it's kept in a old wallet no, but if it's moved to an exchange ( they all have updated as far as we know) then yes . |
|
|
|
|
CSV, BIP34, BIP65, BIP66 are locked in. Everyone needs to update to the current wallet to avoid losing coins. Version 4 blocks will be orphaned on the new wallet now .
|
|
|
|
It's on the roadmap.We will publish an actual roadmap soon |
|
|
|
Why is there a new topic for this coin? Isn't this a very old coin?
I guess we are old compared to crypto standards( halving in December) . We have a new topic because we lost access to the other accounts and can't recover them . |
|
|
|
During what time you plan to introduce Segwit?
To tell the truth I thought it will occur quicker.
We have introduced SegWit, it's just not activated yet. We need a 75% consensus. You can track the progress here :https://vtconline.org/sf.html |
|
|
|
is this the new thread of VERTCOIN?Where is the original one?
We don't have control over the original or the second. When BCT was hacked we lost control of the accounts and are unable to recover them( we tried ). So, yes this is the new thread . |
|
|
|
Vertcoin Core - v0.11.0.0 Released his wallet updates Vertcoin to use the latest Bitcoin Core v0.13 base. Thus, it soft forks BIP34, 66, 65, CSV and SegWit into Vertcoin as well as the other BIPs included in Bitcoin Core since v0.8. The soft forks will start signalling compliance from block 675,360 and will continue to signal for a year. Once 75% of blocks over a 2016 block period have signalled, after another 2016 block period the soft forks will activate and old version blocks will be orphaned from that point on. Therefore it is highly recommended you upgrade your wallet and this update should be treated as mandatory. It is especially important that pools upgrade as we need at least 75% of blocks mined to be upgraded in order to activate the soft forks. Pools that do not upgrade could risk orphaned blocks after activation. Everyone else, including users and exchanges, should upgrade too to guard against forking after activation. https://cryptowallets.io/2017/03/02/vertcoin-vertcoin-v0-11-0-0-vertcoin-segwit-soft-fork/The poster stole my old account and is using it to scam you into downloading virus infected software or point you to virus infected sites. That's how he got control of my account. You have been warned! R-J-F Stop posting on this thread !! |
|
|
|
|
Show Posts
