[MOJO] MOJOv3 has been taken over by new devs

[EBK1000]

Hi there,

Is the current wallet for Linux stable and will the new wallets version will include the Linux one as well?

Thx in advance.

I stands for Linux, no problems with Linux distributions.

There will be a Linux as well. There will be an update later on tonight or tomorrow re. the new wallets. There are a lot of issues that needs addressing but we are almost there.

[EBK1000]

Last word on BITZ - see the thread: https://bitcointalk.org/index.php?topic=1234442.100 - it's all explained.
Any posts related to BITZ will be deleted as this is not a BITZ thread. I have no issues discussing BITZ but someone will have to start a new thread.

[EBK1000]

Update

We were planning to implement a hard fork at block 100,000 to activate a fix for the PoS overflow issue and also fork in the masternode network and other features. We are running behind schedule with the wallet and will push the hard fork forward to block 110,000 (roughly 13 days from now (which is block 92,924 at the time of writing this)). This will take us to Sunday 15/05/2016 at around 1630 hours (GMT). We will make every effort to release the new wallet at least 7 days ahead of the hard fork, so around 08/05/2016. We will announce this here, on Twitter, on the Blog, on the website and Facebook and contact the exchanges directly. We also need to update the seed nodes and Tor nodes and the block explorer. There should be plenty of time for everyone to get the upgrade done.

As you can see in the block explorer, we are testing the new wallet as we speak:



Link HERE

I will explain the issue that is seemingly taking a long time to sort out. We are changing the PoS system, not just the overflow fix but the reward reduction schedule as we had to find a satisfactory way to reward the masternodes and compensate for the low stake due to the overflow bug. So the updated specs. are as follows:

TOTAL NUMBER OF COINS: 100,000,000 (100 million)
All the coins were generated in block 1
Proof-of-Stake reward scheme: 15% annually reducing by 1% every 250,000 block until the reward is 1% annually (after about 7 years)
Masternode rewards: 15% annually (not reducing)
Masternode collateral: 200,000 MOJO
Target Block Time: 1 minute (real world average is around 65 seconds)
Difficulty Retargeting: Every Block
Min Stake Time: 24 hours
Max Stake Time: 30 days (after 30 days your stake weight will not increase)
Max Coin Supply: 160,000,000 MOJO after 10 years (estimate)

Link HERE

To be able to test the staking, the test wallet needs to run for 24 hours for the coins to mature before they start staking. We have then had a few bugs to iron out with the staking and every time an invalid block has been submitted to the network the wallet has been banned and we have to make adjustments and wait another 24 hours etc. This is why the testing is taking so long. The actual coding is there, it's a matter of minor adjustments and testing. I hope that makes sense. We do not want to take any short-cuts and we want to make sure that everything works as it should.

The new reward scheme will compensate for the lower than expected initial stake rewards without inflating the coin supply. The new reward scheme will over the course of 1-2 years provide a higher return for long time stakers and will make it increasingly difficult to obtain the collateral for a masternode. We believe this scheme is a good balance between value generation / coin supply / inflation.

As soon as I have any news, you will be the first to know...

[diks]

Update
......

great news
many people were expecting details
translated and add to russian ann )

[galacticpilgrim]

This is wonderful news...very well stated.

Looking forward to the new wallet!!

[Jack Liver]

the new website is really nice 

[francism]

the new website is really nice 

It is clean, simple and minimalist, yet professional looking website design.

[starsnshamrocks]

the new website is really nice 

It is clean, simple and minimalist, yet professional looking website design.

Yes, I checked it due to your commentaries and I also like it.

[EBK1000]

the new website is really nice 

It is clean, simple and minimalist, yet professional looking website design.

Yes, I checked it due to your commentaries and I also like it.

Yes, thanks, it's a work in progress and there will be more contents soon...

[china998]

希望能在中国交易

[EBK1000]

希望能在中国交易

Can we please keep it in English. I will delete posts in other languages.

希望能在中国交易 = We hope to deal in China

[kjadB]

mojocoindev is a scammer
https://bitcointalk.org/index.php?topic=1462474

I'd say mojocoindev is a realist ... there's no point flogging a dead horse

[RhodaGila]

Update

We were planning to implement a hard fork at block 100,000 to activate a fix for the PoS overflow issue and also fork in the masternode network and other features. We are running behind schedule with the wallet and will push the hard fork forward to block 110,000 (roughly 13 days from now (which is block 92,924 at the time of writing this)). This will take us to Sunday 15/05/2016 at around 1630 hours (GMT). We will make every effort to release the new wallet at least 7 days ahead of the hard fork, so around 08/05/2016. We will announce this here, on Twitter, on the Blog, on the website and Facebook and contact the exchanges directly. We also need to update the seed nodes and Tor nodes and the block explorer. There should be plenty of time for everyone to get the upgrade done.

As you can see in the block explorer, we are testing the new wallet as we speak:



Link HERE

I will explain the issue that is seemingly taking a long time to sort out. We are changing the PoS system, not just the overflow fix but the reward reduction schedule as we had to find a satisfactory way to reward the masternodes and compensate for the low stake due to the overflow bug. So the updated specs. are as follows:

TOTAL NUMBER OF COINS: 100,000,000 (100 million)
All the coins were generated in block 1
Proof-of-Stake reward scheme: 15% annually reducing by 1% every 250,000 block until the reward is 1% annually (after about 7 years)
Masternode rewards: 15% annually (not reducing)
Masternode collateral: 200,000 MOJO
Target Block Time: 1 minute (real world average is around 65 seconds)
Difficulty Retargeting: Every Block
Min Stake Time: 24 hours
Max Stake Time: 30 days (after 30 days your stake weight will not increase)
Max Coin Supply: 160,000,000 MOJO after 10 years (estimate)

Link HERE

To be able to test the staking, the test wallet needs to run for 24 hours for the coins to mature before they start staking. We have then had a few bugs to iron out with the staking and every time an invalid block has been submitted to the network the wallet has been banned and we have to make adjustments and wait another 24 hours etc. This is why the testing is taking so long. The actual coding is there, it's a matter of minor adjustments and testing. I hope that makes sense. We do not want to take any short-cuts and we want to make sure that everything works as it should.

The new reward scheme will compensate for the lower than expected initial stake rewards without inflating the coin supply. The new reward scheme will over the course of 1-2 years provide a higher return for long time stakers and will make it increasingly difficult to obtain the collateral for a masternode. We believe this scheme is a good balance between value generation / coin supply / inflation.

As soon as I have any news, you will be the first to know...

Can not wait to see the new wallet out tomorrow
Keep good work dev!

[azzedo]

where the remains update?

[RKen]

Is there an update? Or whether there will be further delays launch of a new wallet and others who had previously delayed?

[diks]

Is there an update? Or whether there will be further delays launch of a new wallet and others who had previously delayed?

where the remains update?

i think
all update will be in monday
or tonight

..so around 08/05/2016...

[RKen]

Is there an update? Or whether there will be further delays launch of a new wallet and others who had previously delayed?

where the remains update?

i think
all update will be in monday
or tonight

..so around 08/05/2016...

Yes i hope so, and in timely

[EBK1000]

There will be an update later on or tomorrow.

[OKtoshi]

ROKOS v6 Magic Flavors
Final tests done, to be released in the next days as soon as packing its done.

Permanent Integrated Coin: Mojo

Learn more about Mojo at: http://rokos.space/cryptocurrencies.html

ROKOS Github:  https://github.com/okcashpro/ROKOS-OK-Bitcoin-Fullnode

*** Please raise an issue over github when releasing a new wallet so it can be updated in ROKOS.
(If no official notice/issue wallets are not updated)  - For control and security.

Same way, communities/devs can now push commits to update/improve specifics over the included config file
at your cryptocurrency folder over: https://github.com/okcashpro/ROKOS-OK-Bitcoin-Fullnode/tree/master/clients-nodes/rokos-Pi2-Pi3

Mojo Integrated Version: 1.0.0.1

Pre-release screenshot

[motorhead89]

 

For Windows Operating Systems is 1.0.0.2 the most current version?


I just updated from 1.0.0.1 to 1.0.0.2 from the Mojocoin.org website and it redirected me to sourceforge.

here is the link.

https://sourceforge.net/projects/mojocoin/?source=typ_redirect

Just wanted to know if 1.0.0.2 is the version I need to be up to date?

By the way... I backed up my old wallet, and installed the new wallet, and everything looks great! Thanks Mojocoin Developers! Awesome!