We’re thrilled to announce that the Hoosat Network hard fork is set for September 26, 2024, at 06:41 PM with a DAA Score of 17,500,000. This is a pivotal moment for our community, and we can’t wait to share what’s coming!
We are doing a hard fork to our own algorithm. This announcement gives some time to update all of our nodes. You can do that right now from the source. Exchanges, Pools and Solo miners please do so at your time before the 26th and please ping me in Discord for every possible bug report or help request.
I've decided that even if GPU miners are not ready the Hard Fork will commence. We are in talks with pool and mining software developers about implementation of Hoohash. As such until then we have the nodes own CPU miner.
Hard Fork Details:
Date and Time: September 26, 2024, 06:41 PM
DAA Score: 17,500,000
What the Hard Fork Brings:
Hoohash Algorithm: A cutting-edge algorithm designed to combat parallel processing, enhancing security and making Hoosat more resilient against FPGA/ASIC centralization. The algorithm attacks parallel processing with floating point non-linear equations transforming matrix multiplication. We have also developed multistage block version support for adding more algorithms in future, so FPGA/ASIC developers I invite you to implement Hoohash as soon as you can since we can iterate then further and see when we hit a point that it's unimplementable.
Adjustable Developer Fee: Introducing a network-wide developer fee tied to consensus, defaulting currently to 5%, to fund essential growth and future development. The developer fee is changeable in source code and consensus considers 1% fee the minimum.
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Why It Matters:
This hard fork builds on the solid foundations laid by Kaspa and GhostDag, reinforcing our commitment to decentralization and security. By strengthening the network’s defenses and supporting GPU mining, Hoosat Network will stand as a fortress against centralization, ensuring fairness and longevity. The developer fee will enable us to push forward with infrastructure upgrades while expanding our reach through advertising and exploring new exchange listings.
Let’s power up and gear up for the next big leap in the evolution of Hoosat Network! 🚀
With love for Kaspa, GhostDag, and the GPU mining community, we’re shaping a secure and decentralized future together! ❤️🔗
Installing from source
git clone
https://github.com/Hoosat-Oy/HTND.gitcd HTND
go install . ./cmd/...
Updating the source
cd HTND
git pull
go install . ./cmd/...
Running
~/go/bin/HTND --utxoindex