Mandatory Wallet UpgradeWith the recent PoS exploit that impacted PIVX and all coins based upon it, as well as the emergence of severely attacked chains such as MNT, the Klimatas team have conducted an extensive review of our blockchain and wallet coding
The MN Tracker hack was a serious issue that does not apply to us. With MNT, the hacker could take off with any desired number of stolen coins. In the case of KTS, we uncovered a much more minor exploit. The result is that some stakers had been able to double the block reward each time they earned a stake. As a result, you will see approximately 1,200 extra KTS on our chain when compared to the moneysupply expected based upon our official block rewards
Whilst we had the option to simply close this particular gap, the team felt that the best way to give our community confidence that we are now known-exploit free would be to upgrade to a wallet based on the master version of PIVX - the upcoming 3.2 release. We are the first team that we're aware of that has done this but many are sure to follow
To ensure the transition went as fast, and smooth, as possible, we enlisted the aid of CryptoDev, a community just set up by blockchain expert @CryptoDev - Ronan in response to the sharp increase in the number of chains being exploiting in recent weeks and months. New blockchains and blockchain upgrades are a core part of the service operated by the CryptoDev team and enlisting their help ensures that the Klimatas team can continue their work on the Hub and other items on our roadmap without distraction
We are very excited for this upgrade as it brings to us 'Masternode Governance', which allows proposals to be submitted to our blockchain by anyone and voted on by masternodes. There is a monthly budget allocated to such proposals and payouts to proposals that pass the vote are automated. We have set the maximum monthly budget to just 60 KTS to allow us to showcase the functionality
DownloadDownload our new wallet (1.1.0) here:
https://github.com/klimatas/klimatas-core/releasesPlease note- The wallet update will be enforced on March 7 9:30 UTC (block 59666), make sure you have done the update by then
- The config file name changed from klimatas.conf to kts.conf