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Luckycoin mandatory client update! Hard fork at block 69360!

luckycoinWith less than 50 blocks to go, it is definitely time to update your Luckycoin clients. This update is predominantly a difficulty fix update to attempt to ward off profit seeking pools. The update targets new block times, retarget intervals and difficulty adjustments.

The new Luckycoin client v0.8.8 is available on Github!

This is a mandatory update! Please update your clients! Hard fork at block 69360!

New features in Luckycoin v0.8.8

Difficulty adjustment scheme:

  • Blocktime: 60 seconds
  • Retarget interval: 20 blocks or 20 minutes
  • 25% difficulty adjustments per interval

Crosstalk elimination:

  • New client identifier and version: LKY:0.8.8
  • Only LKY:0.8.8 and Satoshi:0.6.3 network nodes are allowed.

 

Future updates

Reward system:

  • Block reward reduction starting with block 100000
  • Randomized reward reduction algorithm

Transaction fees:

  • Transaction fee reduction

Windows:
https://github.com/LuckyCoinFoundation/LuckycoinQT

Source:
https://github.com/LuckyCoinFoundation/Luckycoin

Best of luck to the Luckycoin team!

Posted in Announcement, Luckycoin

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