Topic: [POW] IMPORTANT DEV UPDATE: BRIDGE DELAY (Read 395 times)

A site has a lot of people entering freely and every day there are many people involved, it is certain that it will be weak. No problem! Safety is absolute. Just upgrading is great!

Good news: Short video showing a transaction crossing "the bridge" on the Rinkeby Testnet

https://powtoken.tinytake.com/sf/MjQ0NDM5Ml83Mzg2NDQ1

The transaction in the video is here:

https://rinkeby.etherscan.io/tx/0xd70c17045001a32de1f278ae4493fdd7d001fe2738f262d08dbe16c1a33c4b44

Is The Bridge already up and working? Link pleaseeee.... Thank you

look great project,hope will bring huge to success,ill followed

Bridge Update

All Dev's working hard, aiming for 28th Feb launch of 'The Bridge'. We may miss it by a few days as we need to make sure is 'bullet proof'. Next step is Rinkeby network test.
Proposed Limits:
Combined (all users): 1bn POW/day; 
Individual: 1m POW/day.

On issue of limits. Primarily, security is the concern. The Bridge smart contract holding the "float" for daily transfer from POWtoken to Ethereum network represents max loss in event of "hack". In this worstcase 1bn POW loss would not be lethal.

POW DEV"S UPDATE

Hello POW People, a lot of work been going on as you are probably all aware, please see the link for more detailed information on this, again thank you all for the support and helping build the community, FANTASTIC!!

1) Beefing up site speed/capacity is current focus 2) Facebook validation process upgrade 3) Bridge 'bumped' to late Feb...

Bravo to Devs working flat out and making incremental improvements!

Full details here: https://powtoken.com/blog_post_15_01_2018.php

Good questions and answers thanks all.

I have a friend I talked into grabbing these free coins and she has now decided she has no interest in crypto... so will send them to me via the pow site.
Don't worry she is a family friend and if any money is made we will share with her.

Will I be able to claim the ERC20 tokens from the powlites she sends me and is there a limit she can send?

Also this bridge should have developed before the airdrop really don't you think?

The devs already have this planned out, testing and most importantly security checks are now ongoing, as you can imagine with the latest hacks on exchanges etc, security is a major issue for us, we don't want that free POW dissapearing before it hits the blockchain. The swap is 1:1, so every POW lite is equal to one on the blockchain, a straight swap so no change in total supply.

If you go to the website, www.powtoken.com you can find a lot more information on the white paper, FAQs etc, that you

Hi, thanks for the update.

Is it already clear HOW the conversion from POW 'lite' tokens to ERC20 will take place? Special app, page, how will take the ETH gas/fee part? Will it be a 1:1 ratio conversion?
The total supply of ERC20 POW tokens is now at 231,802,823,220 POW, if you would add all 'lite' POW that would make the total supply of POW in 100trillion tokens ...

Apologies, as explained in the post can't really be clearer than that, take a look at many white papers and guess what? some of them don't even exist now after taking nice chunks of ICO cash.

We respect our community and explain what and why things are happening, as said this is a unique airdrop, and totally free to anyone who would like to claim. Things change in most plans and being open and transparent about that most of our holders will respect.

Take Bitcoin, how many offshoots and forks have we had now, they weren't expected were they? Thanks for your views though 

first you said the bridge will be released on Dec, then move to 15- Jan, and now late Feb. so you guys are keeping delay the bridge for what? i guess in late Feb will be  late year of 2018 lol. guys you can't expect a good coin with a delay on last minute everytime like this

Hello POW People, an important update. As some of you have noticed, messaged us and supported us, the site has been running slower than usual. We have had massive increases in the number of claims over the holidays, which of course adds huge value to the POW community in the long run. As you are all aware POW is not an ICO, it is a completely free airdrop to the global community, so all resources have to be carefully managed and focused where the most benefit to the community will be gained. For this reason we are now prioritizing our resources in the short term onto the site performance improvement. Some people have mentioned the server, but this is not a server issue as we can handle high levels of users per day, but more to do with the system developed for this unique project.

This is a unique airdrop in that it has not been done before and making sure the link & system from off blockchain to blockchain is able to handle the amount of eventual claimers does as you can imagine need a few tweaks now and then, and of course maintaining the security of the system is most important. Because of performance now being a priority we will have to slightly delay the bridge to the blockchain until late February, but with this we expect the Bridge to increase the volume of users and and in view of this we are upgrading capacity so we can accept 100K + users per day. As you will understand this will provide all users with a robust and user friendly experience. Ultimately this will improve and  increase value for all and rapidly increase our growth rate, which will in turn be reflected in the POW price. We thank you for your understanding and again many thanks to the community for your support.