As many of you will know, the first stage of the ‘Metropolis’ upgrade to the Ethereum blockchain is due to be implemented quite soon. It’s code named ‘Byzantium’ and is largely related to some privacy upgrades — if you know your zk-snarks from your elliptic curve primitives, then you’ll be well up to speed — for the rest of us, coindesk cover the ins and outs well.
Here at Hut34, we’re excited to see the new technology deploy, but note that it may have an impact both on the network as a whole, and specifically on the block time. Our token sale process has been designed to allow fair participation over a specific real world time period, which we are implementing within our sale smart contracts as block times.
Obviously you can see how significant variation in block times would affect the metrics of our process — a sale we are advertising as lasting for 28 days could close early, or in the case of network congestion, stay open for an unpredictable amount of time — neither of which are very desirable outcomes!
So for these reasons, we’ve made the decision to push back the opening of our sale process from the 5th October to the 19th October. We’ll use these extra two weeks to continue development on the Hut34 Project, and will continue to share these with you.
Onwards and Hutwards
