With the start of the main blockchain the following characteristics are offered: 5,000 BLOCK are required to provide a service node (this will not be changeable without a formal proposal) Support for Bitcoin protocol OP_CHECKLOCKTIMEVERIFY (BIP65) Support for the Service Node voting system, which controls development fund management, network and protocol changes. Adaptation of functions to the latest Bitcoin Core Block time: 2.5 minutes. Consensus Algorithm: Proof of Stake (PoS). Annual compensation in the Stake System: ~9% ( 10% of which goes into the developer fund). Code base: Bitcoin Core and PivX Masternode System
The move to the main blockchain follows the principle of Syscoin, and for users it is essential to download the new product wallet from the start and copy their current wallet.dat into the new directory:
The developers of Bitcoin code will backup the old chain as soon as they move to Mainnet
Each address in this final backup is integrated into the Bitcoin code and receives its final stored coins from the pre-mining. The scam will continue to work on the new blockchain; users have nothing else to do but copy their old wallet.dat to the new directory. There will probably be a to-do statement that describes the whole thing in more detail to newcomers.
This product launch marks the beginning of an important period in the further development of Blocknet, which will continue with the white paper, the implementation of SPV Multiwallets, and above all the provision of a user-friendly interface.
Of particular interest will be the publication in about a week’s time of another key announcement around the user interface for the decentralised exchange.
Next Steps for the Bitcoin code
Secondly, it allows the deletion of the ICO burn address, which was never read correctly by Bitcoin code Explorer and leads to repeated irritations in the question of the maximum number of Blocknet tokens. The equality of all Bitcoin code services in the answer to the question about the number of tokens will lead to improved trust and serves to illustrate the characteristics of Blocknet more clearly to investors.
Thirdly, the integration of the Service Node system will also include a voting system that provides decentralized control over changes in the system. Community support will also play an important role in Blocknet’s future financial situation, where new funds will be created to pay developers and marketing costs. And finally, with the freedom to trade out of one’s own wallet, one avoids the need to believe in the honesty of the central exchanges. Especially in such delicate and critical points in the history of crypto currencies as at the moment when Bitcoin is going to make a change at the end of the month.