Why?
New wallet includes a number of amendments:
- Kimoto's Gravity Well - smart algorithm changes the difficulty of digging.
Allows coin to protect against sudden changes hash power (anti multipool).
Digging coins will be more predictable in the long term. - significantly lower transaction fees.
Why update is necessary and mandatory?
Soon will be hard fork coin. Only new fork will be the official and continue working.
Be smart switch to the correct fork.
When?
Fork will come with mining block number 35000 for about 28-30 h
Current block number find at:
- http://getsmartcoin.com/stats.php
- In your wallet Debug console -> command getinfo
More info?
https://bitcointalksearch.org/topic/annsmc-smartcoin-kgw-cryptsy-reduced-block-rewards-update-your-wallets-10-exchange-400893
REMEMBER Before update make copy (backup) your wallet.dat