Update on Blockchain situation

Update on Blockchain situation

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.

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