Mandatory Update 2.8.0.0 and Official Statement

Urgent Mandatory Update Version 2.8.0.0

Dear Solaris community,

Please update to 2.8.0.0 immediately if you updated 2.7.0.0 already. Version 2.8.0.0 will fix reward distribution between Masternodes and Stakers starting from block 263996.

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: https://github.com/Solaris-Project/Solaris/releases/tag/v2.8.0.0

Wallet Staking guide: https://docs.google.com/document/d/1VvIFrVg5Ocw9og6DcD2ANF8J_YEk-La_qFgp-cbSwlo/edit?usp=sharing

Masternode Update to 2.8.0.0 guide: https://docs.google.com/document/d/1zkB80TxtMa9nYbdnjsMqnZqqndNZNsaIkp46ykoWWPg/edit?usp=sharing

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.

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!