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News, Tech

SWAP to SIERRA 3.0

sierracoin.org

#SIERRASWAP

One of the greatest new features of our SIΞRRA 3.0, is the addition of SPoW the New Tech that disrupts, incentivizes and revolutionizes the concept and broken legacy models of central utility.  SIΞRRA Blockchain is a Masternodes and Proof of Stake open-source decentralized blockchain, dependent on the accordance of on-chain consensus.  Consensus between its node-holders, users and live blockchain creates a hacker-proof environment on which we have the foundations for our new Technology, Solar Proof of Work!. A hardfork is planned June 04, 2020 to introduce our SPOW enabled mining algorithm (information about the activation time is indicated at the end of the article) . After launching and stabilizing the network, we begin the active phase of developing SPOW Pool for our users !

MAIN STEPS FOR SWAP TO SIERRA 3.0

REGISTER OR LOGIN ON WEB.SIERRACOIN.ORG

Please use an existing email address that you have permanent access to.
It will be required for withdrawal SIΞRRA 3.0 after a successful SWAP

GET ADDRESS AND SEND THERE SIΞRRA COINS

Get the address in the DEPOSIT Button and send all your coins SIERRA for SWAP to SIΞRRA 3.0

RECEIVE SIERRA 3.0 (AFTER SWAP)

Get NEW desktop wallet on Wallet Page June 05, 2020 and withdraw your SIΞRRA 3.0 from Web Wallet

For development, we need changes!

The official SIΞRRA mining pool will also be launched after 190.000 block height, where you can connect your PV Panels to get SIΞRRA rewards. At SIΞRRA, we want to help speed up the production of renewable energy by creating a community with a common vision and passion for this mission. As the project progresses, further information will be added to this announcement, where the main aspects of the deployment of the SPOW algorithm, maintenance and additional incentives for the operation of POS / MN / SPOW and the entire SIERRA network will be disclosed.

  • SIΞRRA 2.x.x:
  •  – based on unsupported code
  •  – reached end of life
  •  – have some potential security breaches
  • SIΞRRA 3.0:
  •  – based on stable Dash 0.14 codebase
  •  – skein PoW used for bootstrap
  •  – PoS minting implemented (based on few PoS coins)
  •  – fixed few PoS code bugs (miner crashes and deadlocks)
  •  – added orphan PoS block automatic recovery (no more lost coins)
  •  – DevFee and SPOW payments added
  •  – PrivateSend is currently disabled
  •  – Governance payments are currently disabled
  •  – DIP3 blockchain-based deterministic masternode lists
  •  – LLMQ (long-living masternode quorums) support
  •  – LLMQ-based InstantSend (instant confirmation of almost all transactions)
  •  – LLMQ-based ChainLocks (51% attack blockchain protection)
  •  – Dash API compatible, lot of applications can be easily ported
  •  – binary releases for Windows (32bit/64bit, both ZIP and Installer)
  •  – binary releases for Mac (64bit DMG)
  •  – binary releases for Linux variants (Intel i686, Intel x86_64, ARM gnueabihf, ARM aarch64)
SIERRA 1.0.0 – 2.1.2

NAME: SIERRACOIN

SYMBOL: SIERRA

HASHING ALGO: Proof of Stake | X11

MAX. SUPPLY: 25.000.000

BLOCK TIME: 120 sec.

BLOCK REWARD: 5 SIERRA


Masternodes: 80%

Proof of Stake: 20%

Solar Proof of Work: Not Available

DevFee: Not Available


Solar Proof of Work cannot be fully used on Blockchain SIERRA 1.0.0 – 2.1.2

Genesis date
September 30, 2018 

BUY SIERRA
SIERRA 3.0

NAME: SIERRACOIN

SYMBOL: SIERRA

HASHING ALGO: Proof of Stake | Skein

MAX. SUPPLY:

BLOCK TIME: 80 sec.

* BLOCK REWARD: 15 SIERRA


Masternodes: 30%

Proof of Stake: 10%

** Solar Proof of Work: 55%

DevFee: 5%


Solar Proof of Work automatically activated on the 190.000 block height

Genesis date
June 04, 2020

SWAP TO 3.0

Fields marked with an *

* Block Reward: 15 SIERRA – after 190.000 block height (now block reward only 6.75 SIERRA)
** Solar Proof of Work: 55% – automatically activated on the 190.000 block height
Does not affect Proof of Stake / Masternodes / DevFee rewards

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