const char* pszTimestamp = "The Silk Phoenix Rises From The Ashes";
WHAT IS SILKCOIN?
Algorithm: Scrypt
Coin Suffix: SLK
PoW Period: 10,000 Blocks
PoW Target Spacing: 60 Seconds
PoW Difficulty Retarget: 10 Blocks
PoW Reward per Block: 0 SLK
Full Confirmation: 10 Blocks
Maturity: 350 Blocks
PoS Target Spacing: 64 Seconds
PoS Difficulty Retarget: 10 Blocks
PoS Reward: 2 SLK Static PoS Reward
Minimum Confirmations for Stake: 350 Blocks
PoS Min: 12 Hours
PoS Max: Unlimited
Total Coins: 2,000,000,000 SLK
That is correct people there will be a swapout from old to new Silkcoin.
1:1
SILK to SLK
New blockchain, new beginnings, no more sync issues and a nice secure and strong network.
The swap will start from the launch time of Weaver and DarkSilk.
There will be no swap to DarkSilk.
The first block will contain enough to cover the swap and then the rest are burnt.
It will be a one month period and all exchanges will be notified to close all SILK markets and cease trade on a set date.
10000 blocks of PoW rewarding 0 per block + fees to get us rolled into PoS nice and securely.
The DarkSilk Foundation will mine these 10000 blocks and others are also welcome to process transactions on the Silkcoin network to roll the new release into it's PoS period.
After 350 blocks into the blockchain, coins will begin maturing and PoS will begin to start.
The wallet holding the swap coins will be set to not stake in its configuration file.
Staking=0
Exchanges will be notified of the swap and told to close all SILK markets after one month of the start of the swap.
The entire swap will be handled on Weaver.
The new GitHub is here -
https://GitHub.com/Silkcoin and upon launch the new wallet will be found there along with the Mac, Windows and Ubuntu(Linux) binaries.
More info to come.....