Monthly Premium Buzz Backer: 3DCoin September 2019 Update
This is an update on the level of the progress our Premium Backer, 3DCoin has made in the last 30 days.
3DCoin is an innovative blockchain-based cryptocurrency operated on a peer to peer network, featuring universally instantaneous transactions, an eco-friendly mining system, and advanced scripting that allows automated business management.
3DCoin is working hard behind the scenes to ensure a smooth transition to v.0.15. As part of the upcoming fork, the concept of permanent collateral will be removed. Permanent collateral was introduced by Dash as a “proof of investment” for liquidity. However, 3DC does not have this feature and will be making use of temporary collateral. This will enforce a secure network without decreasing the circulating supply.
3DCoin’s masternode network has continued to grow. About six months ago the network transitioned from the traditional “Proof of Work” mining to “Proof of Sync” consensus protocol. The network which had about 3,600 enabled masternodes at the time of the fork has grown to more than double its size. There are currently over 8,000 masternodes on the network.
Talking about masternodes and 3DCoin’s transition to temporary collateral, the collateral of a masternode created before block 800k will become spendable if the masternode has a valid IP and two valid payments between blocks 700k to 800k. Subsequently, 25k 3DC will be needed to create a new masternode. V0.15 will allow users to transfer ownership of nodes.
In the v0.15 you will be able to transfer nodes(Active/Inactive) ownership to others using the smart script in a simple transaction.
3DCoin is targeting one of the following exchanges for listing – Huobi, OKEx, Liquid, Gate.io and KuCoin. The community is expected to see a new listing before the end of October.