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Merit 0.6.1

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@mempko mempko released this 16 Aug 00:03
· 71 commits to master since this release

Welcome from the decentral office!

This is a patch release of 0.6.1 that contains a bug fix for reindexing. In addition, this release contains everything from 0.6.0.

This release contains the new Proof-of-Growth and Invite distribution algorithms affectionally known as PoG2. There will be a hard-fork on block 334750 which happens Around Fri, 17 Aug 2018 09:14:00 +0000

Bug Fixes

Fix reindex invalid block error. (c05d2c7)

Features

New Proof-of-Growth Algorithm

  • Fairer Ambassador rewards.
    - More people should see larger ambassador rewards.
    - A balance between growing the network and holding stake.
  • New Metric called the Community Growth Score (CGS).
  • Community Growth Score depends on...
    - Your Network Growth.
    - Your own Stake.
    - Age of the Coins in your network.

New Invite Distribution Algorithm

  • Invites are Airdropped in 3 different ways...
    - 50% awarded based on your CGS.
    - 40% awarded to new addresses (Max 1 per address).
    - 10% awarded to random addresses.
  • 1 out of 10 blocks an invite is awarded to a miner.
  • Minimum of 144 invites airdropped per day. Grows as needed.
  • Number Airdropped based on overall growth, more growth means more invites generated.

Getting Help

If you discover any issues with this release, we encourage you to submit Issues on the Github repository

You can ask a question on the Merit Slack Channel, the Merit Discord Channel, or visit out Forum