THE ISSUE
Belacoin’s blockchain has been affected by an increase in orphaned blocks and long delays in transactions. These issues stem from the current mining difficulty regulator: the Kimoto Gravity Well (KWG).
KWG retargets the mining difficulty after every block is found. It is very sensitive, so one large miner or mining pool can cause the difficulty to surge. When that miner or mining pool leaves, the rest of the Belacoin miners have to crack an unreasonably difficult block.
KIMOTO GRAVITY WELL
The Kimoto Gravity Well difficulty regulator was designed by Dr. Kimoto Chan and originally implemented in Megacoin. It was developed to deal with the issue of large mining pools hooking up to a blockchain and mining a large amount of coins in a short period of time. Unfortunately, when the mining pool leaves, the difficulty remains until the next block is found by the average miners. The Kimoto Gravity Well worked in its time, but it is now outdated and causes more bad than it does good.
PROPOSED SOLUTION :
We will be switching the mining algorithm from the current Kimoto Gravity Well to Dark Gravity Wave. Dark Gravity Wave averages mining power over recent blocks to reduce large spikes in difficulty when a large miner or mining pool hooks up to the network.
Here are some ways that Dark Gravity Wave can help Belacoin:
Regular Block Intervals
Fewer fluctuations in difficulty mean regular blocks and transaction times.
Fewer Orphaned Blocks
Regular block intervals reduce the frequency of orphaned blocks.
No Time Warp Exploit
A reduction in selfish mining Together, these improvements help makeBelacoin better for the average user. The days of waiting 12-36 hours for a Belacoin transaction to go through will be over, and regular 2-minute block times will make Belacoin competitive with other fast altcoins.
Belacoin’s blockchain has been affected by an increase in orphaned blocks and long delays in transactions. These issues stem from the current mining difficulty regulator: the Kimoto Gravity Well (KWG).
KWG retargets the mining difficulty after every block is found. It is very sensitive, so one large miner or mining pool can cause the difficulty to surge. When that miner or mining pool leaves, the rest of the Belacoin miners have to crack an unreasonably difficult block.
KIMOTO GRAVITY WELL
The Kimoto Gravity Well difficulty regulator was designed by Dr. Kimoto Chan and originally implemented in Megacoin. It was developed to deal with the issue of large mining pools hooking up to a blockchain and mining a large amount of coins in a short period of time. Unfortunately, when the mining pool leaves, the difficulty remains until the next block is found by the average miners. The Kimoto Gravity Well worked in its time, but it is now outdated and causes more bad than it does good.
PROPOSED SOLUTION :
We will be switching the mining algorithm from the current Kimoto Gravity Well to Dark Gravity Wave. Dark Gravity Wave averages mining power over recent blocks to reduce large spikes in difficulty when a large miner or mining pool hooks up to the network.
Here are some ways that Dark Gravity Wave can help Belacoin:
Regular Block Intervals
Fewer fluctuations in difficulty mean regular blocks and transaction times.
Fewer Orphaned Blocks
Regular block intervals reduce the frequency of orphaned blocks.
No Time Warp Exploit
A reduction in selfish mining Together, these improvements help makeBelacoin better for the average user. The days of waiting 12-36 hours for a Belacoin transaction to go through will be over, and regular 2-minute block times will make Belacoin competitive with other fast altcoins.
Can some one post a TA here?