Introduction
The Scala community is buzzing with excitement as the countdown begins for the much-anticipated release of V8 Menger.
This upcoming version promises to bring a slew of new features and enhancements that will elevate the user experience and bolster the network’s security and sustainability.
Unveiling V8 Menger
V8 Menger is set to introduce a range of innovative features that will shape the future of the Scala ecosystem. Let’s delve into some of the key highlights.
Diardi V2: Enhancing Network Security and Decentralization
At the heart of V8 Menger lies Diardi V2, a powerful upgrade that introduces 32 notary miners. These miners are poised to play a pivotal role in fortifying the network’s security and decentralization.
By harnessing the collective power of these notary miners, Scala aims to ensure the robustness of its infrastructure and the integrity of its transactions.
Introducing “Felidae”: Multi Proof-of-Work Algorithm
Scala is also proud to unveil a groundbreaking addition to its arsenal: the “Felidae” PoW algorithm.
This new in-house proof-of-work algorithm is still heavily optimized for mobile/ARM devices while being lighter and faster. It should also help prevent the centralization caused by some miners.
For those eager to dive into the technical intricacies, a comprehensive overview of “Felidae” is available on the official GitHub repository here.
Revamped Block Rewards
The approach to block rewards takes a transformative turn with the V8 Menger release. Inspired by the practices of prominent projects like Monero, Scala is implementing an eroding curve for block rewards.
This strategic move aligns with the project’s long-term sustainability goals, ensuring that rewards are distributed in a manner that supports both miners and the overall health of the ecosystem.
For an in-depth exploration of these features and their significance, readers can refer to the official Medium post here.
Mark Your Calendars: Important Dates
We have meticulously planned the rollout of V8 Menger, and here are the key dates to remember.
August 14, 2023: Official Release of New Executables
On this date, users will have the opportunity to access the new executables, marking the commencement of a new era for Scala. Mining, sending, and receiving XLA will be powered by the latest advancements introduced in V8 Menger.
September 31, 2023: Hardfork and mainnet
We understand the importance of a seamless transition. To ensure a smooth upgrade process, the community, exchanges, and mining pools will have one month to migrate to the V8 daemons and applications. The Scala team will be actively engaging with these stakeholders, providing guidance and assistance to facilitate the switch.
Your Burning Questions Answered
To address common queries, we have compiled a brief FAQ.
Is V8 Menger a hardfork?
Yes, V8 Menger represents a hardfork. Users are required to install the new executables to access the upgraded network.
Do I need to create a new wallet?
No, there’s no need to generate a new wallet. Existing wallet addresses and seed words can be seamlessly used to access your coins.
What if I don’t upgrade during the transition period?
Don’t worry, you won’t lose access to your wallet or coins. However, installing the new executables is essential to regain access to the network.
Embracing a Bright Future
The Scala community is eagerly awaiting the dawn of the V8 Menger era. These enhancements symbolize a pivotal step forward in the evolution of the network, and the community’s role is integral to its success. As we embark on this journey together, stay tuned for further updates, insights, and exciting developments.
We extend our heartfelt gratitude to our dedicated community for their unwavering support and enthusiasm. Your commitment fuels our determination to push boundaries, elevate experiences, and carve a remarkable path for Scala.
Let’s celebrate the upcoming release and collectively shape the future of blockchain technology. Stay engaged, stay informed, and stay empowered. Together, we’re building something extraordinary.
Thank you for being an indispensable part of the Scala journey!
