Hero Gradient

Update on testnet and proof of funds merged

2019-04-06Announcement

mwc-new

Testnet Progress

I just wanted to write a quick update. As we announced on April 3, the MWC testnet was launched. Since then, everything has been running smoothly. Blocks have consistently been coming in, and the rewards are decreasing as expected. This testnet has a block reward halving every two days (mainnet rewards will halve every four years) to test out and ensure the code change works correctly. However, very few users have connected to the testnet, and we’d like to see more volunteers. It’s probably not for every user, but if you are familiar with the command line and are on either macOS or Linux, we’d love to have you try out our full node and/or mine on our testnet. You should be able to mine a block or two every hour, even on a laptop, given the majority of hash power is coming from one of our servers at the moment.

New Checkin for MWC Wallet

In addition to the testnet, I wanted to mention a recent check-in. This check-in adds a sign_utxo and verify_utxo function to the MWC wallet. Thanks to GitHub user eupn for this check-in and pull request to grin. It has not yet been merged into grin, but we have merged it into MWC as it will be necessary to prove funds as part of our HODL program. Proof of funds will be a valuable tool in MWC in its own right and it will be there on day one.

Engineering Team and Future Plans

The engineering team is busy implementing the plans mentioned in the previous article, and everything is on track for an April 20 opening to registration. If you are interested in trying out our testnet or just interacting with the MWC community, you can join our Discord. Also, you can follow us on Twitter to stay updated.