Dear Idena community,
We are planning to release a new version of the Idena node on December 23, 2020. It will be a seamless hard fork update.
There are the following changes planned.
Oracle voting smart contract
We are launching Oracle voting. You can participate in voting if you are a validated participant and receive voting rewards. Rewards can be set either by those who create the votings, or by other participants, or by other smart contracts.
You can also create your own votings, for example:
1. To certify a fact in future
2. Oracle voting for governance
3. Paid polls
See more details on how to create a voting.
The release of oracles brings us one step closer to decentralized onchain advertising, where every Idena user will be able to publish an ad that must be approved by a set of randomly selected oracles.
TimeLock smart contract
TimeLock smart contract locks coins on the smart contract address until the specified block number appears. Once the block number is mined the coins can be transferred to the specified address.
Multisig M-of-N smart contract
A multisignature wallet address with specified M and N locks the coins. In order to send coins from the multisig M, specific participants out of N have to provide their signatures.
How the hard fork will be activated
1. The new node version will support both the current blockchain protocol and the upcoming protocol changes.
2. Running the new version of the node means that the validated address is voting for the upcoming protocol changes. A node with an active mining status will be automatically publishing signals about the hard fork readiness.
3. The hard fork update will be activated only when the voting criteria are met:
- more than 80% of online mining nodes support the upcoming changes
- more than 66.6% of validated addresses support the upcoming changes
4. The hard fork update will be activated no earlier than December 24. The hard fork update will be activated anytime after December 24, once the voting criteria are met. Otherwise, the hard fork update will be blocked on December 31.
