PLEASE READ HTMLCOIN will swap on November the 20th at 12:00pm Chicago time (18h00 GMT). Please note this is a guide time as the exchanges need to follow their controls and procedures to ensure the safety and security of all holdings.
Your HTMLCOIN Questions:
please read
www.htmlcoin.com/whitepaperSwap updates:
If your holdings are on exchanges swap from HTML5 to HTML will be automatic. If your holdings are in a local wallet you can swap with the self swapping webform available later on 20th November. Don't panic, self swapping at 1:1 will be available for 60 days before the ratio reduces to 2:1.
As the exchanges go through their process of setting up the new blockchain, wallets and swapping they each have their own approach which will include closure for withdrawals and deposits.
Your Safety:
However well protected you all think you are, there will always be ways to find you and get into your wallets. Please avoid sharing your private details in this forum or with anyone who PM’s you. It exposes you to risks which we cannot protect you from, and we know there are people here planning to use this information. We will not tolerate anything which threatens the community
Information Releases:
There will be people sending misleading information and spoofing our sites. The only authoritative source of information is the HTML Foundation social feeds, websites and GITHUB. If in doubt, confirm with at least two officers of the Foundation. No one will get left behind. Don't panic.
HTMLCOIN is not a security:
The HTMLCOIN project is building a new blockchain as a utility for the coins/tokens on it, which are a store of value and a medium of exchange, the value of the coins is something dictated by the markets and not the Foundation. Put simply, all the coins are out there and have been mined/forged/minted, and you are selling them to each other for what you think they are worth. The HTMLCOIN Foundation is only interested in getting the best technology in place to secure the future of the HTMLCOIN blockchain, and gain broad adoption of secure distributed ledger technology. No one from the Foundation will discuss value of HTMLCOIN or encourage its purchase on exchanges. Any comments that may be construed this way are private views and not those of the Foundation.
HTMLCOIN New Features:
1. Uses both the Bitcoincore (0.14) and Ethereum Client (CPP) codebase allowing Ethereum Virtual Machines to run on the more secure Bitcoin UTXO model
2. QTUM compatibility layer which allows for easy porting of existing Ethereum and Solidity Smart Contracts
3. Proof Of Work (POW 1% pa) and Blackcoin's Proof Of Stake 3.0 (POS 1% pa) to ensure efficiency and security
4. Enhanced Hash Rate Compensation adjusts every 120 blocks with short, medium, and long block time samples make fairer and faster 60s blocktimes.
5. Oracles built on top of the Ethereum Virtual Machine allow offchain settlement of Smart Contracts with authorised data feeds like weather or stock prices
6. Real Time Checkpointing protects the history of the chain from being changed by 51% attacks by broadcasting block height and hash of the main chain.
7. Simple Payment Verification SPV allows Android or iOS mobile wallet to authenticate a transaction or Smart Contract without downloading the entire blockchain