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With HF3 the platform continues to differentiate itself

startailPosted for Everyone to comment on, 5 years ago3 min read

Hard Fork 3

On August 15'th the chain is schedule for the next update, the so called Hard Fork, which requires witnesses and services to update to the next version to stay on the same chain.

We should remember that Whaleshares is a chain in heavy development, with a goal in mind to differentiate itself from the Steem chain it once came from.

Hard fork 3 adds two very large changes, lets look at the change log and what it all means.

HF3 changes scheduled on 2019-08-15T00:00:00Z

  • add daily vesting reward. pre HF3: 85% to content_reward, 5% to devfund, 10% to witness. HF3: 70% to vesting_reward, 15% to content_reward, 5% to devfund, 10% to witness. It requires to claim reward within 24 hours, unclaimed reward will be moved to content_reward.
  • open account creation ( see https://gitlab.com/beyondbitcoin/whaleshares-chain/wikis/Account-Creation-Fee )
  • add snapshot_plugin: creates a snapshot of accounts and save to file (csv/json) for every million of blocks (~35 days)
  • fix DABA
  • fix disable updating comment options after payout

Add daily vesting reward

This change is a large change and makes the platform very different from any other Graphene chain out there today.

Previously, the daily pool was shared between 10% for witnesses, 5% for the development and 85% to content creator rewards (when a post receives an upvote).

With this change the rewards for content creators will decrease to 15%, and the remaining share will be for a whole new operation called stake rewards. But content rewards can be even higher than the said 15%, lets look on why this is so.

Stake rewards will be accumulated to the account based on your current stake. As noted in the change, this will have to be claimed within 24 hours and any unclaimed value will go over to the content rewards. This means that the content rewards is as lowest 15%, but can be higher due to an account not claiming the stake rewards.

Open account creation

With this change, it will be possible to create accounts on the chain without going through the previous sign-up, for accounts already on the chain.

There is a fee based on the length of the account name, from 512 WLS for a 3-character account name, to 0 WLS for a 12-character. There is also always a base fee of 10 WLS.

Other

There is also a few fixes to editing comments after rewards, snapshots for accounts and the daily bandwidth.

Seed Node and Witness Updated

Whaleshares is an experiment on how a content driven Graphene chain can work, and has added many new things to the chain sine its fork from Steem. Even though the introduction of stake_rewards sounds like a large one, I'm supporting it full hearted as I believe this is just another step in the evolution of the final version of whaleshares.

I've updated my seed node and witness nodes to be ready for the next update on August 15'th.

Open and public seed node is available on whaleshares.crypto.fans:2012.

I'm working on making a Public RPC node available, but it will be for a later date.

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