3DCoin Migrates from Proof of Work to Masternode Mining Protocol
Earlier in January, 3DCoin announced their masternode mining protocol. According to them, “it is an eco-friendly solution that increases scalability and security of the 3DCoin blockchain.” The new protocol which was divided into two soft forks and a hard fork has finally gone online.
Private and public tests have been ongoing and so far, the team has recorded remarkable success. Speaking in an official post, the team announced that:
All indicators show a frictionless transition to the new protocol as we can see, 200 blocks have already been mined by the masternodes that are now collecting the entire block reward, and the difficulty is adjusting toward the 1-minute targeted block time. The team is very satisfied with the results of the tests and wishes to thank all participants.
The 3DCoin network is being tightly monitored. One of the most positive observations is that the Real-time outputs list has a perfect synchronization, and as you know, it is what will allow transactions to be universally instantaneous, not yet used for validation, but will be so in a future update.
What the new protocol means is that only masternodes can now mine blocks on 3DCoin’s network and masternodes will get the full block reward of 16 3DC. There is also a yearly supply deflation of 25% of the block reward.