Yesterday I wrote a rumour article about Blockchain being Frozen, and it seems the choice to make it rumour was a good one since at least currently it looks like pretty much all my guesses were wrong.

Although this time information might be more correct that in the previous post, I still feel unsure about this all and hence decided to categorize this one as a rumour article too, meaning there is a good chance everything I say here is wrong as it seems was the case with the previous article.

Anyway, to the situation.

If I understood right, the problem with the fork was that almost no one happened to be staking with new wallets at the moment the new fork happened.

On top of that, it seems that Bitdorado, which is likely the biggest staker in the whole Telosland, dropped out at last block. I still don’t know if this crash was accidental or intentional. Regardless, when the difficulty for the first block of the new fork was calculated, it was based upon stakers present during the second last block, which included bitdorado and all the old wallets staking at that point.

Since there were only very few wallets with only a few coins staking the next block, the first block of the new fork, difficulty was very difficult and during yesterday I think only 3 blocks got progressed forward.

Basically going on like this would have eventually solved the problem as far as I understood, but because there were syncing and forking problems there, Pascal figured out a better way.

Yesterday in Discord people were asked to help set up the network in a small circle.

Idea is to sort of manually setting up the network to work with a small number of people only at first. This is to prevent wrong working old wallets/nodes, etc. from getting to the network to hinder it, as well as being able to effectively monitor if one of the nodes/wallets is forking away from the rest.

When this new circle will run stable for 24 hours or something, it will be opened for the rest of the world to join too.

Right now the situation is, as far as I understood, that basically the network has been set up and it is even running somewhat well, but not exactly stable yet.

But it anyway seems to be going towards better all the time.
So my guess is that sometime tomorrow, Telos network will be joinable to everyone again.

Crex24 Exchange is likely still using Telos 2, instead of the new Telos 3. So if you trade there, you are effectively trading with Telos 2 in there.

Therefore, Don’t trade Telos in Crex24 until it is confirmed it is safe to trade there again.

Of course, the interesting bit about this is that perhaps Telos 2 won’t be completely abandoned like Telos 1 was after the previous fork, but maybe thanks to Crex24, we will have Telos 2 and Telos 3 both existing at the same time. I, however, doubt there will be much price for Telos 2 compared to Telos 3, since except for Crex24, I wonder if anyone else is going to be supporting it, especially when considering that Stake Grinding and Phantom Nodes both exist in Telos 2 still, so there isn’t really much point in keeping it around.

I categorized this article as a Rumour article, since this article has very little facts but mainly just guesses, and I really don’t know much what I am talking about this time.

It appears that fact (perhaps the only fact in this article) is that Blockchain is currently frozen. I haven’t personally tried to start my wallet, so I haven’t confirmed this, but it appears no one in the Community channel is at the new blockchain, or at least not getting forward on it.

And then comes the rumors parts.

It would seem like this was actually planned by Pascal. Not sure exactly why, but it seems to have to do with flushing out scammers and troublemakers.

For some time already Pascal have said that there will come a fork, and then there will come another fork, and he have even mentioned of several forks coming in short while, to my understanding, to flush scammers etc. out.

And based upon talks in Discord, it seems like this Frozen state has something to do with community not having updated their wallets, how however, im not sure.

It also seems like this frozen state could last until Wallet3.0 is released unless of course community is able to do what they are supposed to do since basically based upon comments, it would seem like Pascal perhaps did the minimum required to do what he promised to do, but then he left the community to do the rest of the stuff that Community would be supposed to do, exactly with idea that he figured they wouldn’t, and this way to surprise all the scammers and troublemakers.

Anyway, right now seems like nothing happening on new Telos chain, and this will likely continue for a while (as in likely days)

But no worry, unless you are a scammer, your Telos should be safe, and it should be just a matter of time that things move forward again, and that time will likely be counted rather in days than weeks or months since Pascal mentioned of doing the wallet3.0 fork very quick and he has even mentioned of doing forks every 3 days perhaps for some time.

As far as I have understood, it is all part of the strategy. So relax and enjoy how scammers are finally getting punished in cryptoworld, now that is news worth telling about!

Lucky Seven have released yet another article couple of days ago and timely one again telling us about the new fork that has just today happened.

To read, head on to:

Cryptoacid