BLOC.MONEY v1.6.0 Released

3 min readJul 5, 2018

The last weeks were intense. We spent a lot of time talking with the team, meet new developers from the community, analysing the situation and understanding the objectives and goals.

Our number one priority right now is to keep our blockchain network stable, secure and bug free 100% working. Once this task will be reached, we will be able to release the entire collection of projects such as the mobile app, but also a brand new dashboard for everyone to be able to use their bloc and promote their business and much more coming soon. We have in hands working samples of our products and we can’t wait to show it to the world.

Meanwhile here are the important updates released for today:
This update addresses some of the most recurring issues while using BLOC wallets.

1. Telegram wallet

Multiple users have had big transactions get stuck when sending coins out of the Telegram wallet. This was due to the fact the optimization wasn’t available on walletd, which powers the Telegram wallet.

We have added an auto-optimization feature for all Telegram wallet. The process will take some time to fully optimize all the wallets, but in a matter of a few days, all the transactions sent from Telegram will stop from being stuck. All Telegram wallets has been optimized now.

2. Maximum size of a transaction

Some transactions get stuck because they contain a lot of inputs from non-optimized wallets. In order to prevent this issue, we have adjusted our maximum size algorithm for a single transaction. This should prevent big transactions from even being sent in the first place.

3. Fusion transactions

The first implementation of fusion transactions with simplewallet were prone to get the blockchain stuck by sending to many of them at the same time. We have fixed this issue by limiting the amount of fusion transactions a user can send in one row.

What’s next:

We are working on implementing a RPC server to the latest version of simplewallet in order to remove simplewallet_rpc and allow user and exchanges to optimize their wallets through RPC.
The new difficulty adjustement algorithm will improve protections against 51% timewarp attack. The implementation is ready and currently being tested on our testnet.
We are working on implementing the haven mining algorithm to prevent Nice Hash use

We are not planning to release update everyday. We will release and push our updates when they are completely tested and approved by our team and members of our comunity. This is why you will mostly see monthly updates on BLOC.MONEY project.

Huge thanks to Kangaroo & #SHADOW coder for your help and collaboration during this updates and upcoming projects.