New Proposal for HAILP Deployment and Block Reward Distribution Adjustment Released

Image for post
Image for post

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.

Proposal Background

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

Implementation Plan

1. What is to be completed

2. How to upgrade

3. Voting period

4. The proposal will be approved only when it meets the following requirements:

Note: If the proposal is approved by the community, the HCASH team will inform relevant exchanges, mining pools and wallets to complete the upgrade. It is possible that some may suspend HC deposit/withdrawal services.

To stay up to date with information, or to join our community, check out the following channels:

Twitter, Facebook, Reddit, English Telegram, Chinese Telegram, Korean Telegram, Korean Announcements, KakaoTalk, Naver Blog

Written by

The New Standard of Value

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store