Important: Vite Mainnet 2nd Hard Fork

Hard Fork Will Take Place at 6 AM (UTC+0) on December 6, 2019

Khun Sir
Vite Labs
2 min readDec 5, 2019

--

Vite Mainnet is having a 2nd hard fork, named MERCURY, at 6 AM (UTC+0) on December 6, 2019.

Details:
Go-vite Version: 2.7.1
Github link: https://github.com/vitelabs/go-vite/releases/tag/v2.7.1

Hard fork block height: 16634530
Hard fork time: 6:00 AM December 6, 2019 (UTC+0)

The hard fork will include the following updates:

ViteX Contract

  • Adjust VX Release Curve, revised based on community voting results.
  • Update Rules for Staking Rewards, stake VX to earn dividends, and a new mode that auto-stakes freshly mined VX.
  • Adjustment of rules for staking as mining. Retrieving staked VX requires a 7-day waiting period. The waiting period does not count for participation in mining and therefore earns no rewards.

Built-in Smart Contract

  • Remove total supply and decimal restrictions for new token issuance. For newly minted re-issuable token, the total supply can be 0. Allow non-reissuable tokens to be burned.
  • Add a new role, other than SBP owners, with capabilities to manage and withdraw SBP rewards.
  • Staking for Quota now allows for partial withdrawals.

All full nodes and SBPs, please upgrade on time!

--

--