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This August 15th, Whaleshares platform will experience its third major change. Hard Fork 3.0 is at our doorstep and will mean a user experience with important differences. Little has been said about it but you can find information about its main changes at Gitlab.comwhere details about this important "fork" for the network were published a month ago:

• Inclusion of daily vesting reward.

  Pre HF3: 85% to content reward, 5% to devfund, 10% to witnesses. HF3: 70% to daily vesting reward, 15% to content reward, 5% to devfund, 10% to witnesses. Requires claiming the reward within 24 hours, the unclaimed reward will move to content reward.

• Open account creation.

  There will be sa couple methods to create an account in Whaleshares. For platform users, they can do it from their wallet and will cost 10 WLS. There is a spam account control system in which an additional cost is allocated according to the number of characters included in the account name. The other way will be for new users through MAS DACs and they can use various cryptocurrencies for its acquisition. (Consult https://gitlab.com/beyondbitcoin/whaleshares-chain/wikis/Account-Creation-Fee)

• Addition of snapshot plugin.

  It creates a snapshot of the accounts and save in a file (csv/json) for every million blocks (~ 35 days).

• DABA settings

  Improvement of the capacity and amount of interaction possible within the platform by working on the weight of the content in the chain.

• Settings for comments.

  It fixes related to disabled comment update options after post payout.
  

  Also...

• Whaletokens

  They will continue to operate but they'll grant rewards directly in the user's Stake and not in posts. The amount will be based on the vesting reward equivalent to 70% which may be configurable by the token's creator.

• Allocation of vesting Rewards

  There will be a mechanism to allocate part of the rewards received for a user's investment to other accounts. In this way you can assign additional rewards other than those obtained for the content and would add to the investment reward of the individual. If he does not claim them, they would be included in the reward percentage for the content.

• CCTI

  The Whaleshares Cross-Chain Initiative continues. However, the settings for using tokens from the EOS chain are still pending. Not being used in publications, we'll see the adjustment of values and exchange for tokens to obtain a reward. Also, we are still waiting for Sharedrops of other cryptocurrencies and tokens based on the STAKE that we have on the network.

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About dailyvesting rewards

It seems to be understood that, of the 100% WLS generated in the blockchain, now only 15% will be allocated to content reward. This means that if my ability to reward a post was 34 WLS under a 70K stake (which was equivalent to 85% before the update) I will now only give 6 WLS. On the other hand, the remaining WLS will be given to me automatically when logging in or entering the platform daily. In this example, that would be equivalent to 260 WLS per day on average.

I don't know if I interpreted these percentages well at all. What is true is that the rewards in posts will be significantly lower and the profit on the platform will depend more on personal investment.

Earnings by Stake have been part of the ideas around in systems based on Blockchain. For example, the Karma application shares part of the earnings with users daily. Also the Voice social network, announced on June 1, promises to grant voice tokens to users each time they log in.

How are the votes now?

They will continue to be used but they will depend only on 15% of user-generated WLS based on their stake. The amount of rewards will continue to be 10 votes at 100% of your capacity just that they will be much less WLS since it will only be equivalent to 15% of what your investment generates and not to the previous 85%. However, the remaining 70% will be received directly into our accounts without the reward action.

From all this, it remains to experience the changes and see what happens with the interaction on the platform; with hope everything is positive and for its growth.

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@gaeljosser