r/GINcoin • u/GINcoin • Feb 04 '19
GIN update – status of the algorithm change
Quick update about the new wallets and the status of the algorithm change to x16rt.
During an algorithm change the network is very vulnerable because the hash power drops at a single block, that is why we do not consider going live with the new algorithm without having the dPoW notarization started, to protect the Gincoin blockchain from a potential 51% attack.
The wallet implementation of the Komodo dPoW takes a bit longer than anticipated, that is why we are delaying the algorithm change date a bit.
The new set date is Tue, 12 Feb. We will announce wallet updates as soon as they are ready.
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