Our recent release of GDN v.0.8.7.0 was intended to perform a hard fork at block #42000 in order to swap out KGW with Digishield. As many of you may have noticed, this hard fork was unsuccessful and resulted in all v.0.8.7.0 wallets to be stuck at block #41999. As a result, we had to fix this flaw in the source code and update the network to v.0.8.8.0. To ensure the update would in fact perform as expected, we proceeded to test and carefully monitor the network privately, rather than immediately release v.0.8.8.0 to the public. During this time we were able to successfully make it through block #42000 and stabilize the network back to ~ 1 minute block times.
We have finalized testing by setting up a private test pool with a larger hashrate to ensure Digishield will recalculate the difficulty appropriately. Once we were able to confirm that Digishield is performing correctly we decided to announce a re-launch date and time through all of our normal channels (Bitcointalk, GDTalk, Twitter, Facebook, Reddit, etc). This will be done to ensure all miners and pool operators have a fair chance to mine GDN when v.0.8.8.0 is released to the public.
We are currently on block #42235 and all blocks mined during this time will NOT be kept by us personally. We WILL setup a voting poll on our official forums at www.GDTalk.org for community members to decide on what we will do with these newly minted GDN coins during this time (https://www.gdtalk.org/index.php?topic=104.0). We want to be transparent and as fair as possible, as we have no desire to unfairly keep these GDN.
Also, it is important to note, we noticed a significant hashrate of about 150 MH/s still mining on the oldest version v.0.8.6.2. Anybody mining on v.0.8.6.2 are mining on the original fork and all your coins past block #42000 will not be available when you switch to the new version.
We deeply apologize for any lost mining time and confusion caused during this process. Global Denomination is our number #1 priority and many of us did not sleep in over 24 hours while we fixed these issues.
Thank you for patience during this time.
GDN v.0.8.8.0 will officially be released on Sunday, May 25th, 2014
4:00 PM GMT (Greenwich Mean Time)
5:00 PM BST (London)
12:00 PM EDT (Detroit/New York)
11:00 AM CST (Chicago/Dallas)
6:00 PM CEST (Warsaw)
Can all pools, exchanges and services get in touch with us so we can ensure your all setup prior to the re-launch
For latest news keep watching the Global Denomination [ANN]
The Global Denomination Dev Team