We have made a decision on exactly how to proceed with improving the coin's code. What we will be doing is marking the currently traded coin as "AIRcoin Beta", and will make a wallet update with KGW fixes and new documentation to reflect that. It will still be supported for the time being, and it will be managed on Poloniex.
Next, we will prepare a code for the full version of AIRcoin, including the variable block reward and improved investment system. Before it is released however, we will announce (with 72 hours in advance) a
72 hour verification period where users of the coin will be able to verify their wallet addresses (and the amount of AIRcoin beta inside them), after which we will have a
giveaway for the new blockchain based on the amount within the wallets during verification. This gives users plenty of time to buy or sell AIRcoin in advance of this news.
The new blockchain will have very similar stats to the old one, except with a premine increased to include the coins given away for the new releaseThe next difficulty adjustment algorithm will be our own variation on the Dark Gravity Well, with further improvements over KGW.
One change that has occurred this week, however: We have chosen Scrypt-N over X11, in part due to complications with implementing X11, and concerns over its ease of access for new users. The next coin will have a number of new features, and a full update list will come out before the verification period.
So the timeline will be:
0HR: Notice of new coin
72HR: Verification period begins
144HR: Verification Period Ends
- HR: Coin released
Mintpal has requested that AIRcoin be added to their exchange, and we will add AIRcoin to Mintpal after the next release, and we are currently working with a new, well-funded and professional exchange that will be arriving soon.
We are still answering questions via email (if you don't get a response within 48 hours, try either the contact form on the website, alexander's email (
[email protected]) or the support email (
[email protected]). And we are still watching the threads, but as normal, we will update the threads with new information but still ask for users to either send private messages to this account or emails for direct questions. We've found that emails are a much better way of answering direct questions about the coin, as well as keeping the team focused on the task at hand.
This is just a step of evolution towards AIRcoin, and the support you guys have shown has really helped us learn and improve as time goes on. Those who remarked early that AIRcoin was a "long term coin" are very correct. We're all hoping that we can move forward as we try to improve the system and bring it to real world merchants.
Addendum:
The coins will be 1:1 at the amounts when verified in that 72 hour window.
However, this is explicitly
not a transfer of funds. We are not accepting any of the old AIRcoin (AIRcoin beta) and you are free to continue using them, we are just using the support that others have (from their existing stores of AIRcoin) to distribute the new blockchain. The team is not moving coins from one location to another, they are just distributing new ones, and the old coin code still exists.
The timeline stated in the previous post will start (0HR) when the new coin's code is ready to be released and it is set up for exchange.