In this update we will discuss the following:

  • Service Nodes
  • Whitepaper
  • Hashing algorithm and difficulty algorithm fork
  • Exchange
  • Community Questions
  • Twitter giveaway
  • The Swap

Service Nodes

Service Nodes has been live on the Saronite blockchain since block 5000. Since the start of service nodes, there was a total of 46. Three of them has been de-registered from the network. We ask everyone that’s running a service node currently or plans to run one, to run them on stable servers and avoid home computers at all cost. When a service node de-register. At the time of writing there is a total of 1.9 Million XRN has been locked away. We are also proud to now be listed on Masternodes.pro. You can visit the Saronite statistics by following this link https://masternodes.pro/stats/xrn/statistics

Whitepaper

The Saronite whitepaper has been updated to v1.1

The following sections in the whitepaper has changed

  • SaroWrite (Adjustments were made and added feature list)
  • Algorithm update

The whitepaper will be updated a few times a week to show new features after we have tested some functions. We will have a permanent testnet pool running. Please note that these coins are testnet coins and not XRN.

Hashing algorithm and difficulty algorithm fork

Saronite will fork to a new algorithm on block 20000 , this new algorithm will move Saronite from being Nicehash friendly and help with better decentralization. Saronite will also implement a new difficulty algorithm provided by Zawy, LWMA Version 4. These changes will help making the block time more accurate and help the network against attacks on the blockchain. We have decided to use the same custom variant of Cryptonight Haven as all miners already supports it. After the fork block you will need to mine with algorithm cryptonight_haven. 

PLEASE NOTE THAT ALL SERVICE NODES NEEDS TO BE UPDATED TO THE LATEST BINARIES BEFORE THE FORK BLOCK. THERE WILL BE MORE THAN ENOUGH TIME AFTER WE HAVE ANNOUNCED THE FORK BLOCK HEIGHT.

Exchange

Saronite will be running polls to see if the community would like one of the following options before we decide on our next exchange listing

  1. List Saronite on an exchange that’s on CoinMarketcap (This exchange will be cheaper to list and it has lower volume, this will be achieved faster)
  2. List Saronite on a bigger exchange that’s on CoinMarketcap (This will take longer to save up for and it has much higher volumte)

 

Community Questions

In every update we will post questions from the community and answer them.

  • Q: What can the community do to help Saronite?
  • A: The community can help with social promotion (Sharing Tweets, links etc)

 

  • Q: When can we expect a new exchange for Saronite?
  • A: As mentioned above, we will give the community the opportunity to vote on what would they want to do

 

  • Q: Are you planning to host another Twitter competition because it destroyed the price?
  • A: Twitter competitions in the future will be done differently and the giveaway was bigger than what it normally would be, this was just to help Saronite slight exposure while on our road to recovery

 

  • Q: Can I run my service node on my computer
  • A: Technically yes, but it’s advised not to. A stable VPS provider will be much better.

 

Twitter Competition

The Twitter competition winners was voted for by the public, below are the winning images

First Place

Second Place

Third Place

 

The Swap

The blockchain swap did not go as smooth as we would have liked. We apologize to those that missed out on the swap. The following happened while swapping:

  • Some miners was mining on the old daemon and came to swap coins thus the “premine” for the swap was not enough and some people gotten more than what they should have.

This could have been avoided by taking a snapshot of the old chain, asking for viewkeys and other ways.

That wraps up the update for this week.

Special thanks to:

  • Zawy (Difficulty algorithm)
  • Cryptodude (This weeks featured update image)
  • Community managers (VultureX2, JackRyan and Serg)