Pinkcoin Showcases Donate4Life, Announces Upcoming Wallet Features. Plus, Highlights from PINK’s Keynote Voice of Blockchain Panelists, CryptoCayce and Caligo!
Having been showcased at three crypto/charity events already in just over a year, a fourth event is now under the belt of an increasingly seasoned, cheerfully campaigning grassroots Pinkcoin team. Going all out for round #4, Pinkcoin’s core-members convened in high spirits, this time in the Windy City, at Voice of Blockchain in Chicago.
Delighted to finally make new memories, talking crypto face-to-face with the PINK fam, the renown core-crew once again dawned their PINK threads to spread the good word, highlighting how PINK is building the groundworks for crypto philanthropy, paving the way for impacting social good, and how PINK will soon be catching eyes in a neighborhood near you!
As with all events sporting Pinkcoin on its roster, the super-human mastermind and architect of the ages, Elypse, made sure PINK’s booth was decked out to the max: vibrant banners, flyers, wristbands, and all of the best swag a crypto-fan could take home. Along with the meme-magister Ree bringing in a live feed to showcase Donate4Life, Navy Pier has never looked more pleasant tricked-out by pink love.
Not unlike BlockCon 2017 in Santa Monica, crypto-advocates from every walk of life stopped though Navy Pier to make introductions, mingle with the PINK fam, and share in enlightening and friendly blockchain chit-chat. Most notably to pace through the convention, slighting past the ICO token riff-raff, were the bountiful crowds– savoring to hit up the booth of all booths. From veteran fanatics to first-timers–stirring up their curiosity with each peak at the pinkest, most blinging coin showcased at the entire Voice of Blockchain event (maybe ever to hit Navy Pier)–to locals and tourists from half-way across the world, even long time fans of the project stopped by to tip their hats at the dream team that is the Pinkcoin community.
The icing on the cake came later when Caligo and Cryptocayce each spoke on two of the most reputable panels at Voice of Blockchain. With Cayce point guarding, representing PINK on the panel for crypto philanthropy–discussing the unmatched proficiency blockchain technology provides for charitable causes–Caligo suited up as linebacker participating as a panelist detailing various governance and consensus models in crypto. It was there that a silent bomb was dropped on an earnest crowd; the renown Pink Beast, Caligo, spilled the beans and dished out a sneak peak of what is in store for the near future of Pinkcoin.
That’s right, you heard it live at Voice of Blockchain, a new voting protocol with easy as pie polling features is coming to a Pinkcoin wallet near you. To get pre-gamed for this upgrade be sure to update to the new 188.8.131.52 wallets. This update is mandatory as well as a pre-cursor to additional upgrades already in the pipeline including: Flash-Proof-of-Stake 2.0 (detailed below) that will soon be implemented, along with a new-to-crypto voting system, kick-starting cutting-edge decentralized development features unique only to PINK.
To close out the Voice of Blockchain festivities the PINK crew shared farewell wishes with new friends, made final hugs to the crypto fam, traded contact info, marked calendars for the date of the next gathering honing in on new opportunities to collaborate alongside the plethora of other exceptional crypto organizations. With the pleasure of shaking the hands of so many crypto all-stars throughout August’s final weekend comes the thrill of brainstorming alongside a handful of them afterwards. Pinkcoin is hashing out the details of what will hopefully grow into lasting new partnerships for the coming year. Expect great things to come from the coin reshaping grassroot campaigns; be sure to update to the 184.108.40.206 wallets and stay tuned to the Great Pink Buffalo for more exciting news to follow.
Flash Proof-of-Stake (2.0)
What is FPOS 2.0?
Flash POS is a POS system that activates for 4 preselected hours each day and features a block discovery rate that is 6x the normal POS rate. The Flash POS 2.0 update increases the input requirements for finding a block to 100,000 PINK and adds stake control features to the wallet.
What is the reason for the FPOS 2.0 update?
To increase gamification opportunities for POS and FPOS block minters, increase network stability during FPOS periods, reduce network weight during POS periods to improve staking potential for smaller holders, reduce CPU, Memory, and Hard Disk access load for FPOS participants, and make POS control elements accessible to everyone.
How does the FPOS 2.0 update increase gamification opportunities for participants?
Each day 20,000 PINK is released through POS and 36,000 PINK is released through FPOS. Participating in FPOS means access to greater daily rewards, but at the expense of accumulated network weight associated with staking 100,000 PINK inputs. This reduction of weight for FPOS participants has the effect of relieving pressure on the POS system, improving opportunities for people not participating in FPOS to stake and potentially making it more profitable per coin to participate in POS over FPOS, depending on how many coins are dedicated competing for FPOS blocks. Converting coins to target FPOS is trivial as competitors will have far less accumulated age compared to POS participants, meaning that a person can quickly target FPOS and become competitive for blocks under the system. If it becomes more profitable to target POS over FPOS due to heavy competition for FPOS blocks, converting back to targeting POS blocks is non-trivial, as established participants targeting POS blocks will have the advantage of increased input age which significantly increases their competitive advantage over other POS participants that are newly targeting those blocks – individuals retargeting from FPOS to POS will have to wait several weeks before their coins reach potential under the POS system, in which time it may again become more profitable to target FPOS over POS.
How does the FPOS 2.0 update increase network stability during FPOS periods?
Because every FPOS 2.0 participant is guaranteed to be heavily invested and have significant financial interest in competing with their peers for FPOS blocks, creating an incentive for them to invest in a level of network connectivity and hardware that will be most successful during Flash Periods where the block rate has been significantly increased.
How does the FPOS 2.0 update reduce computing requirements for FPOS participants?
Traditionally, maintaining small UTXOs within the wallet is the optimal strategy for staking. This can be significantly cumbersome for large holders who must maintain thousands of UTXOs within their wallet in order for their coins to compete on equal ground with smaller holders. This can lead to wallet lag and freezing, block orphaning, and much higher computing requirements for large coin holders compared to smaller holders.
How does FPOS 2.0 help smaller holders?
Currently large holders dominate the network and make it difficult for smaller holders to achieve successful stakes on the network. By incentivizing large holders to target FPOS, we reduce network weight pressure during POS periods, creating a greater opportunity for everyone to successfully stake POS blocks.