Dear Solaris community,
The Solaris blockchain has suffered a stuck block after the switch from Proof of Work to Proof of Stake.
We believe this was caused by a number of reasons, but primarily the network was not fully stable and some large wallets caused the difficulty to spike, causing network instability and anomalies with connected nodes. In turn, this has caused a domino effect of a number of staking wallets forking away and most wallets being out of sync, leaving little to no active staking nodes with mature coins on secure the network.
We are releasing a mandatory update to fix the stuck chain, stabilize the network and return the XLR chain to an operating state.
Wallet download: Wallet Staking guide: Masternode Update to 2.7.0.0 guide:
Mac OS Wallet will be compiled released within a couple of days. Apologies about any inconveniences.
Reward System Change
Seesaw mechanism has been identified as one of the primary causes for multiple wallets forking to a wrong chain during the change to Proof of Stake. After investigating this issue further, and learning that Pivx themselves are removing SeeSaw algorithm in their next update for multiple reasons, core team has made a decision to remove Seesaw mechanism from Solaris also. Secondly, we see a growing trend of
After careful deliberation, examining the masternode trend until the PoS switch and taking community feedback on-board, the team has agreed to set forth 20%/80% reward split between stakers and masternodes respectively. We believe this is a fair reward split, as Solaris network is mature enough to support Masternodes while rewarding smaller stakers with more frequent rewards.
New block reward split will be:
20% Stakers / 80% Masternodes
If Budget Proposal is Active:
15% Stakers / 75% Masternodes / 10% budget system
Zerocoin Protocol Activation
Zerocoin Protocol activation which was scheduled for tomorrow, 18th of April, has also been included in this wallet version.
Please update your local wallets and masternodes as soon as possible!
Crypto-Economics: The combination of cryptography and economics to create robust decentralized P2P networks. Cryptography is used to prove things that happened in the past, and economic incentives are used to encourage desired properties to hold into the future. Code and economics are intrinsically interlinked.
This is a beautiful thing. The ability to code money has unlocked a world of potential that we were not able to imagine just a decade ago.
The reason why this is such a groundbreaking phenomenon is because if you can code money, you can build code that incentivizes certain behaviors and discourages bad behavior.
The best Tokens have the strongest incentive structures built into them. The more good behavior that can be incentivized, the more valuable that native token becomes.
HealthSapiens utilizes this function of tokens as part of it’s core design. When doctors receive more or less tokens based on the quality of their interactions with previous clients, good behavior is automatically incentivized. As a doctor, you must give a patient what they want, which is to be healed, in order to benefit yourself.
The current economic system in healthcare doesn’t function like that. Doctors are paid for their appointments. A “Fee-for-service” model only incentivizes service, not results. In this model, the more patients a doctor can service, the more they are paid. This is not what we want.
We want to incentive outcomes. Specifically, positive outcomes. Now, thanks to the ability to build code into money, we can do that.
The HealthSapiens platform utilizes a ratings platform, similar to ones found with services like Uber, our Yelp. Doctors will accrue ratings based on their service to patients. Friendliness, professionalism, punctuality, and most importantly outcomes can all be incentivized and paid for.
Finally, a healthcare platform that will actually incentivize good behavior, rather than just discouraging bad behavior.
It takes a second for the potential of this system design to sink in. When outcomes are incentivized, a new paradigm is created.
Doctors are incentivized to produce outcomes quickly, as they receive no extra payment for taking extra time.
Doctors are incentivized to take a patient’s specific circumstances into account, rather than simply providing a one-size-fits-all care system.
Doctors are incentivized to take care to its fullest extent. Not just returning a patient to normal, but to get them to their best form possible.
This new, proactive approach to health has been what the current healthcare systems have been lacking. Lacking an outcome-based incentive structure is how the United States spends the most money per capita than any other country, and receives no positive health benefits as a result.
Built-in incentive structures are how P2P networks have been able to be created in the first place. Without incentivizing good behavior, the P2P network would fall apart. The glue that holds it all together is the collective good behavior that has been incentivized in the first place.
Please, help us grow the HealthSapiens P2P network! Join our Telegram:
was originally published in on Medium, where people are continuing the conversation by highlighting and responding to this story.
Diamonds may be a girl’s best friend but gold is the ultimate cultural symbol of luxury.
As the mining industry highly impacts the global economy, it was a no shocker when last year the world’s biggest investment banks earned more by trading and selling metals and minerals than with oil.
1.6 billion of their revenues last year, came from the mining sector only. This year, as volatility and prices go up, metal-related revenues are expected to increase even higher.
With many upcoming companies merging blockchain technology with gold mining, including Innovative-Minerals, a higher safety standard, is expected to improve as well. Blockchain technology platforms are sure to increase transactions, which may have an impact on the increase in the demand for gold.
