With the release of version 0.13.7.1 Zcoin has started the transition to switch their Proof-of-Work algorithm to MTP. The required hard fork will occur on December 10th at 12:00 UTC. After this time, blocks mined with the old Lyra2z algorithm will be rejected.
The following paragraphs will explain what to do depending on which group you belong to.
First: Back up your wallet
Please make sure you have a fresh backup of your wallet.dat. To do this, navigate to File > Backup Wallet… and save the file to a secure location.
If you do not upgrade your Znode, you will stop receiving rewards after the hard fork. In order to keep receiving rewards, please upgrade your Znode to at least 0.13.7.1 at any point in time before December 10th.
The upgrade process for Znodes is slightly different with this release as with the others.
- Please follow our regular Znode Upgrade Guide.
- If the Znode protocol version shown in your wallet is 90024, it is recommended to issue a start command for that Znode from your wallet via the Znode tab. If you do this soon after a payout, there will be no impact on your reward payments. Failure to do so before the hard fork may result in your Znode being rejected from the network.
⚠️ Note: As MTP proofs are around 200 kB each, this means that 200 kB of data will be written to the hard disk every 5 minutes. This amounts to about 21 GB of disk space per year. Please make sure your Znode’s hard drive has enough space for future growth!
Please make sure to follow our releases closely leading up to the 10th. Close to the finish line we are getting a lot of helpful feedback for tweaks and fixes which we implement in a timely manner.
They’re also running the first ever MTP mining pool on testnet!
Please upgrade to 0.13.7.1 or later before December 10th.