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Official Release v3.0 POSv2

 

Reddcoin Core 3.0.0

Version 3.0.0 is the official release version of Reddcoin Core.
This release features PoSV v2.
It is particularly important that all users upgrade, as once PoSV v2 is enforced, version 4 blocks will be rejected from the network entirely.

Therefore v3.0.0 is a strongly recommended update for all users.

Features

PoSV v2

This release activates PoSV v2.
The design of PoSV v2 is to increase the stake rewards awarded to those users staking such that the overall network inflation is at 5%. These rules will only activate once a certain number of blocks are staked with this new version. It will take effect after 90% of the network (9000/10000 blocks) are generating v5 blocks (10000 blocks is equivalent to 7 days worth of blocks).

PoSV v2 applies an inflation adjustment value to the stake reward to steer the overall network inflation. The calculation is bound within upper and lower limits and the scaling factor is determined by the output of the last months stake rewards generated.

Developers Funding Address

This release activates sending a percentage (8%) of the overall stake reward to the Developers Funding address. These rules will only activate once a certain number of blocks are mined with this new version. It will take effect after 90% of the network (9000/10000 blocks) are generating v5 blocks (10000 blocks is equivalent to 7 days worth of blocks).

Note: This is a hard fork, as once the above rules are activated (90% upgraded), earlier wallets will reject the block containing the stake transaction.

Fixes

Resolved error while compiling QT for fPIC
Minor UI display improvement
Updated copyright year

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