The new node is ready!
Learn more about the update – hulk 1.8.2 and the required actions below.
What do we introduce to the network with the fork?
The fork will give birth to an innovative solution against a well-known problem in blockchain infrastructure.
Pirl has developed and successfully tested a penalty system which directly impacts the mechanics of a 51% attack making it hard and unworthy to achieve. Any attempt on double spending on Pirl network after the update will have a failure rate of approximately 99.997%.
As extra security layers, notary contracts will be deployed both on Pirl and Ethereum chains. These layers are being added to make sure that if someone by a very slim approximate 0.003% chance manages to succeed with a future 51% attack they will be unable to liquidate their balance accrued from the attack.
Just to be completely sure, there is also a monitoring system going into place that will notify us if someone is attempting an attack. So we can follow their status.
In order to consolidate fixes and limiting the amount of forks needed to perform different tasks we have also been using this time to test new difficulty settings with the goal of more accurate block times. Our new difficulty setting also being initiated in this fork should bring us closer to the 13s block time target. As a result of this more accurate block time we will see an increase of rewards. The expected daily reward gains are approximately 23.52% for both our miners and masternode owners.
Detailed information here
What do I have to do as a Pirl User?
As Pirl User, you will get a wallet update which you will have to download and install.
The wallet will notify you about a new update.
Just simply download and install the update and you are ready to go.
Note: Web wallet will be updated on our side.
What do I have to do as a Pirl Node/Pool Operator? !!!ATTENTION!!!
As node operator or pool admin, you will have to update your node.
If you don’t do this, Pirl will fork and you will not be part of the main network.
It is vital that you update your node at the time of the fork.
What do I have to do as a Masternode Operator? !!! ATTENTION !!!
One-Click Masternodes DO NOT require any action! They will be updated automatically by Poseidon.
The owners of a Manual setup Masternode need to update their masternode by installing the new binaries.
If your masternode is not updated it will stop receiving payments after block 2442442 !
We recommend that you install the new .bin file as soon as possible.