cryptocointools
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CryptocoinTools.com
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May 22, 2014, 07:46:56 PM
Last edit: May 22, 2014, 08:09:35 PM by cryptocointools |
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Hello Global Denomination Community, Our recent release of GDN v.0.8.7.0 was intended to perform a hard fork at block #42000 in order to swap out KGW with Digishield. As many of you may have noticed, this hard fork was unsuccessful and resulted in all v.0.8.7.0 wallets to be stuck at block #41999. As a result, we had to fix this flaw in the source code and update the network to v.0.8.8.0. To ensure the update would in fact perform as expected, we proceeded to test and carefully monitor the network privately, rather then immediately release v.0.8.8.0 to the public. During this time we were able to successfully make it through block #42000 and stabilize the network back to ~ 1 minute block times. We are now finalizing testing by setting up a private test pool with a larger hashrate to ensure Digishield will recalculate the difficulty appropriately. Once we are able to confirm that Digishield is performing correctly we will announce a re-launch date and time through all of our normal channels (Bitcointalk, GDTalk, Twitter, Facebook, Reddit, etc). This will be done to ensure all miners and pool operators have a fair chance to mine GDN when v.0.8.8.0 is released to the public. We are currently on block #42035 and all blocks mined during this time will NOT be kept by us personally. We WILL setup a voting poll on our official forums at www.GDTalk.org for community members to decide on what we will do with these newly minted GDN coins during this time ( https://www.gdtalk.org/index.php?topic=104.0). We want to be transparent and as fair as possible, as we have no desire to unfairly keep these GDN coins. Also, it is important to note, we noticed a significant hashrate of about 150 MH/s still mining on the oldest version v.0.8.6.2. Anybody mining on v.0.8.6.2 are mining on the original fork and all your coins past block #42000 will not be available when you switch to the new version. We deeply apologize for any lost mining time and confusion caused during this process. Global Denomination is our number #1 priority and many of us have not slept in over 24 hours. Stay tuned as we announce the official re-launch and update to v.0.8.8.0 in the next few hours. Thank you for patience during this time. May I suggest we vote on what to do with all of those coins? I would personally like to see it put into the marketing fund first. If we make GDN worth more and more popular we will be able to help the charities more. Yes. Very good suggestion Tom. Thank you for making it. We will setup a voting poll on our official forums at www.GDTalk.org for community members to vote on what to do with all the GDN coins mined during this time. I will update the announcement accordingly. Thanks again. |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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cryptocointools
Full Member
Offline
Activity: 224
Merit: 100
CryptocoinTools.com
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May 22, 2014, 08:11:14 PM |
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Hello Global Denomination Community, Our recent release of GDN v.0.8.7.0 was intended to perform a hard fork at block #42000 in order to swap out KGW with Digishield. As many of you may have noticed, this hard fork was unsuccessful and resulted in all v.0.8.7.0 wallets to be stuck at block #41999. As a result, we had to fix this flaw in the source code and update the network to v.0.8.8.0. To ensure the update would in fact perform as expected, we proceeded to test and carefully monitor the network privately, rather then immediately release v.0.8.8.0 to the public. During this time we were able to successfully make it through block #42000 and stabilize the network back to ~ 1 minute block times. We are now finalizing testing by setting up a private test pool with a larger hashrate to ensure Digishield will recalculate the difficulty appropriately. Once we are able to confirm that Digishield is performing correctly we will announce a re-launch date and time through all of our normal channels (Bitcointalk, GDTalk, Twitter, Facebook, Reddit, etc). This will be done to ensure all miners and pool operators have a fair chance to mine GDN when v.0.8.8.0 is released to the public. We are currently on block #42035 and all blocks mined during this time will NOT be kept by us personally. We WILL setup a voting poll on our official forums at www.GDTalk.org for community members to decide on what we will do with these newly minted GDN coins during this time ( https://www.gdtalk.org/index.php?topic=104.0). We want to be transparent and as fair as possible, as we have no desire to unfairly keep these GDN coins. Also, it is important to note, we noticed a significant hashrate of about 150 MH/s still mining on the oldest version v.0.8.6.2. Anybody mining on v.0.8.6.2 are mining on the original fork and all your coins past block #42000 will not be available when you switch to the new version. We deeply apologize for any lost mining time and confusion caused during this process. Global Denomination is our number #1 priority and many of us have not slept in over 24 hours. Stay tuned as we announce the official re-launch and update to v.0.8.8.0 in the next few hours. Thank you for patience during this time. I have setup an official GDN voting poll for the community to decide what to do with the new coins minted during the v.0.8.8.0 fix. You can vote here: https://www.gdtalk.org/index.php?topic=104.0 |
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quovadiz
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May 22, 2014, 10:06:04 PM |
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honest and determined devs! GDN will be 2nd best X11 coin after DRK  +1 I like the team behind this coin... and i think nowadays in this altcoin jungle it's the most important thing! Ready to point my rigs back to GDN once the wallet will be fixed. Thank u for ur efforts to give to the GDN community and to us a fair, genuine and promising coin! |
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q327K091
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May 23, 2014, 01:02:01 AM |
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honest and determined devs! GDN will be 2nd best X11 coin after DRK +1 nothing but applause and respect... |
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q327K091
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Activity: 1792
Merit: 1010
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May 23, 2014, 01:05:17 AM |
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honest and determined devs! GDN will be 2nd best X11 coin after DRK +1 I like the team behind this coin... and i think nowadays in this altcoin jungle it's the most important thing! Ready to point my rigs back to GDN once the wallet will be fixed. Thank u for ur efforts to give to the GDN community and to us a fair, genuine and promising coin! +1 Holding rigs off as well. Infinitypool has my 217 unconfirmed coins, dev, when the fix is released please notify pool operator As far as coins being minted during fix operation, I treat them as "premine" or "instamine" in my opinion they should be destroyed, however if % is not too large, I would also vote for a bounty process, but keep the operation very tight. -or- a combination of two small % kept for bounties and rest destroyed, block explorer should clearly point to "gap" in the blcok chain all nicely exposed for all to see.. investors will absolutely LOVE you.. and miners will point rigs at this coin, because it seems trust is what has been missing in this whole equation... (generally as alt crypto coins is concerned) you have earned my respect... and trust |
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Apostle4444
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May 23, 2014, 01:37:41 AM |
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Great update guys.. and Awesome coin to mine...  |
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cryptocointools
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Activity: 224
Merit: 100
CryptocoinTools.com
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May 23, 2014, 02:02:20 AM |
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Thanks for the continued support guys. It really means a lot to us.
To address any additional concerns: If the community votes to use the coins in the GDN development fund for marketing/PR and bounties, then we will absolutely document every single coin and every single block that was mined during this time. We will also try to mod our block explorer to explicitly label all of these blocks so that investors and users can track exactly what happened to these coins, whether its their destruction, sent to charity, or used in the development fund.
** We have concluded our testing for this evening. We are confident that GDN v.0.8.8.0 and it's now custom Digishield implementation will provide us maximum stability in the future. Also we have safely stopped all mining on v.0.8.8.0 to keep coins minted during this fix to a minimum. We will be announcing an exact date/time for the release of v.0.8.8.0 in a few minutes I believe. Stay tuned. **
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cryptocointools
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Activity: 224
Merit: 100
CryptocoinTools.com
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May 23, 2014, 02:22:04 AM |
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GDN v.0.8.8.0 will officially be released
on
Sunday, May 25th, 2014
at
4:00 PM GMT (Greenwich Mean Time)
5:00 PM BST (London)
12:00 PM EDT (Detroit/New York)
11:00 AM CST (Chicago/Dallas)
6:00 PM CEST (Warsaw)
*** More details and info TBA ***
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GlobalDenomination (OP)
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May 23, 2014, 12:05:41 PM |
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GDN Global Denomination To Be Added To CoinTicker App After many requests from our users via the app, the developers have decided to add GDN in their next update ! A cryptocurrency ticker for your iPhone. It monitors the exchange rate of Bitcoin and altcoins. Prices are fetched every minute from the APIs of several websites (MtGox, Bitstamp, BTC-e, Vircurex). It will display the price of Bitcoin and your local currency (Support USD, EUR, GBP.... and so much more) Your can also use it to manage the portfolio of all of your cryptocoins. You can monitor the changes of your total value of your portfolio. Available on IPhone from here https://itunes.apple.com/gb/app/coin-ticker-bitcoin-litecoin/id636476147?mt=8Official Website http://cointicker.info/Get ready for our Re-launch This Sunday 25/05/2014
Follow Us on Twitter @GDenomination and help Spread the word!
All Users will be required to Update to v0.8.8 |
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GlobalDenomination (OP)
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May 23, 2014, 01:00:25 PM |
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Can all GDN Pools and Exchanges
Get in contact ASAP so we can inform you of our plans for the re-launch |
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cryptocointools
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Activity: 224
Merit: 100
CryptocoinTools.com
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May 23, 2014, 02:35:40 PM |
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I will be attending a 3-day electronic music festival this weekend and am looking forward to handing out some GDN promo material and talking with any other crypto's I can find there :p If anyone has any ideas or suggestions for me when I go. Please let me know This is the event: http://www.movement.us/ |
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GlobalDenomination (OP)
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May 23, 2014, 03:58:26 PM |
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Almost exactly 2 Days Until We Re-Launch on v0.8.8.0 A countdown time has been added to the OP it will refresh each time the page is loaded  |
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insom
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May 23, 2014, 04:18:31 PM |
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going to point my hashes on it right at restart
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GlobalDenomination (OP)
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May 23, 2014, 05:44:19 PM |
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going to point my hashes on it right at restart
Great! thanks for the support |
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GlobalDenomination (OP)
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May 23, 2014, 05:50:16 PM |
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For all the people asking about paperwallets and when will they be ready... We are working on getting our paper wallet site ready for the re-launch if not it will be just after the re-launch Here is our v1 paperwallet wallet design  Any feedback or suggestions welcome If you can do better we would love to see it and there may be a reward for your efforts |
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GlobalDenomination (OP)
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May 23, 2014, 06:56:18 PM |
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During in our downtime why not give us your suggestions & feedback on GDN We would love to know what you think Come join us for a chat on https://gdtalk.org |
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q327K091
Legendary
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Activity: 1792
Merit: 1010
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May 23, 2014, 11:37:57 PM |
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Almost exactly 2 Days Until We Re-Launch on v0.8.8.0 A countdown time has been added to the OP it will refresh each time the page is loaded cool, see you then |
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