Wow things have been crazy the past few days. We got listed on coinmarketcap.com ahead of relaunch which caused a surge in miners and then some naughty kittehs decided to attack our biggest pools in an attempt to lower difficulty and get many more MEOWs all for themselves. Tsk tsk. Thankfully the community (and the team) responded quickly and more pools have been stood up to further distribute the network and give miners multiple places to go.
As you may have heard we were shooting for a 1/27 relaunch but because there are coin-spec changes coming we wanted to be above board with the community and announce them FIRST before forking. This will lead to a hard fork in the KittehCoin codebase and we will be coordinating with the major pools to perform the upgrade so miners are minimally impacted. Solo miners will need to update their clients.
Here is a rough timeline for our relaunch, and what you can expect with the dates:
- 1/25-1/26 or thereabouts - Official posting on bitcointalk, twitter and other forums announcing the revised coin spec (keeps things above board and lets people mine on old spec for one more week before the fork)
- 1/31 - Internal pulse check with dev team to make sure we are on target with all services for 2/3 relaunch
- 2/3- Official relaunch, this may just be services and coin spec going into affect but we may have some new features too. We will also launch the paperwallet, block explorer, kittehdice, an iOS app, paperwallet, the final cleaned up wiki, and the new website on this date (maybe more services+games too, working with partners)- they'd all go live at the same time and be posted in the same announcement.
~promotions, giveaways, getting listed on directories and exchanges, etc all happen after relaunch~
----NEW COIN SPEC!!!We will be changing the coin spec to improve the health of the coin, the blockchain, and repair damage done from the faltered initial launch. We are also doing this to avoid blockchain-bloat and other issues we've learned about from DOGE. Here is the new spec, this IS NOT YET IN EFFECT,
will take effect 2/3/2014 with the relaunch.Major spec changes include increased block time, reduced max coins, changed payout schedule to keep rewards proportional to the max coins reduction.
Coin Type: Scrypt
Block Target: 60 seconds (increased from 30s)
Difficulty Readjustments: 1 hours (unchanged)
Total: 25,000,000,000 coins. (reduced from 50B)
Special reward system: Random block rewards with a minimum 1,000 MEOW per block
Payout Schedule:Blocks 1 — 200,000: 1,000 – 50,000 MEOW Reward
Blocks 200,001 — 400,000: 1,000 – 25,000 MEOW Reward
(schedule halving occurs here, note block distance change in reward schedule is every 100k blk down from 200k)Blocks 400,001 — 500,000: 1,000 – 12,500 MEOW Reward
Blocks 500,001 — 600,000: 1,000 – 6,250 MEOW Reward
Blocks 600,001 — 700,000: 1,000 – 3,125 MEOW Reward
Blocks 700,001 — 800,000: 1,000 – 1,561 MEOW Reward
Blocks 800,001+ — 2,000 Reward (flat)
Total Block per day: 1440.
-----Team RosterAustinDizzy - KittehCoin TipBot, Subreddit Mod
coderboo - Crypto Expert
danosphere - Lead dev, jack of all trades
jonn4y - Web dev, iOS Dev, ninja
lmfsthefounder - Android Dev, service developer
majsta - Mining partners, community outreach
mbekhet - Web dev
Mortimer452 - Math wizard, crypto expert, wiki curator
Nielsg93 - Community and social outreach and web dev
Prinzert - Wiki curator
sebastien1234 - Wiki curator
snipsnoop - Wallet compilation
If you have any questions please feel free to ask. Also please note that user Ng93 is an official member of the devteam and will be happy to address any questions you may have as well. Thanks for supporting KittehCoin we're doing our best to make this a solid long-lived coin and make the relaunch a success!
Thanks,
Danno
TL;DR;- Relaunch schedule for 2/3/2014
- Relaunch will feature primarily revamped websites, new services, games, and merchants
- Relaunch MAY have new client features but this is a MAYBE right now.
- Coin spec will changed at relaunch (See above)
- Team listing and roles - feel free to reach out to team members (see above)
