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Having fully developed the HCASH AI Lightning Protocol (HAILP), the HCASH tech team is now proposing its deployment on the HyperCash mainnet, along with a block reward distribution adjustment. Since a lot of community members’ tickets hadn’t turned ‘mature’ before the voting period ended, HCASH tech team decided to re-open the proposal voting. All HCASH community members are encouraged to vote.
On June 26th, 2019, the HCASH Foundation announced that the development of HCASH AI lightning protocol (HAILP) had been completed, with network testing to commence on July 1st. Testing during the public beta has been running smoothly and is expected to finish on July 31st.
The launch of HAILP is a fundamental component in the development of HCASH, enabling real-time payments, low-cost transactions, scalability, and privacy preservation — not only on the HC blockchain, but with the possibility of implementation in other mainnet crypto assets. This opens the market for practical third-party HCASH applications, supporting the process of the widespread adoption of blockchain technology.
Therefore, the implementation of HAILP on the HyperCash mainnet is an important task after the conclusion of the public beta.
As an additional supportive measure, the HCASH tech team have decided to adjust the block reward distribution ratio.
For detailed information, please refer to the proposal details below.
All proposals can be found at: https://autonomy.h.cash
1. What is to be completed
- HAILP deployment.
- Block reward distribution adjustment. The current block reward distribution ratio is PoW:PoS:Dev Team = 6:3:1. After the upgrade, the block reward distribution ratio will be PoW:PoS:AInode:Dev Team = 3:3:3:1.
- Upgrade HC mainnet and components to V3.0.0. ...
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