With 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
- New client identifier and version: LKY:0.8.8
- Only LKY:0.8.8 and Satoshi:0.6.3 network nodes are allowed.
- Block reward reduction starting with block 100000
- Randomized reward reduction algorithm
- Transaction fee reduction
Best of luck to the Luckycoin team!