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Topic: ApeCoin - Hard Fork (Read 497 times)

newbie
Activity: 11
Merit: 0
March 08, 2018, 05:34:16 AM
#2
MoneroV: The Hard Fork from Monero

Monero was created in 2014 and was traded at roughly $1 under the ticker XMR. But over the years, the altcoin has increased in value. And in 2018, Monero kicked off the new year with a new all-time high reaching $410. Currently, the cryptocurrency is ranked 9th on the cryptocurrency market and is riding on $300 per coin.

Among many other altcoins, Monero is now the most popular cryptocurrency as it is untraceable. Meaning that all transactions, amounts transferred and wallet addresses of both senders are private and anonymous. It is the cryptocurrency of choice for all users who seek anonymity.

Like many other cryptocurrencies, the altcoin will be forked; A hard fork will take place on March 14 at block 1529810 giving birth to MoneroV (XMV). [...]

follow the link below to read more;
https://en.decentral.news/2018/03/07/monerov-monero-hard-fork-blockchain/

By "Decentral Magazine" ; https://en.decentral.news/

newbie
Activity: 24
Merit: 0
December 28, 2013, 03:01:44 PM
#1
For anyone who has downloaded an ApeCoin wallet, there are new versions of all clients available for download and the GitHub repository has been updated. It's a "hard fork", which will cause a change to the block rewards system and limit the supply in a wiggly fashion.

http://www.apecoin.org

The changes to the block reward take effect at block 30,000, which will hit around 3.7 days from now. After that, older clients will start having their new transactions rejected...and the only cure for the disorientation and depression they'll feel will be to bite the bullet and upgrade.

After block 30,000:
1) The block reward will start a gradual decay toward zero, which will be reached in around 10 years. At which point the total APE supply will be 6,839,998,399.

2) The reward will fluctuate rhythmically as it decays, with a cycle-duration of 3 months. At the first peak, the reward will be higher than 10000 APEs; This may cause some people to "go ape" (as they say). It will almost certainly cause apes to go ape, and will probably empty out the zoos in metropolitan areas until the mania dies down, at which point they will lope back to their cages and enclosures.

3) The difficulty will be recomputed every 30 minutes rather than once per day.

Here's a Wolfram Alpha plot of the first year's block rewards:

http://www.wolframalpha.com/input/?i=plot++%2810000+-+10000%2F3+*+sin%282+*+pi+*+1%2F%2860+*+24+*+90%29+*++x%29%29+*+e%5E%28-x%2F%2860+*+24+*+30+*+14%29%29+from+0+to+%2860*24*30+*+12+*+1%29
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