The community fund which we are voting to implement has been implemented to the NavCoin testnet for everyone to try. The testnet stake rewards are reduced to 4% and there is 0.25 NAV per block generated by the staker and sent to the Community Fund Smart Contract.
You can help us to test the proposal, voting and redemption smart contract features we have proposed to implement on the mainnet. We have created a new genesis block for the testnet, so if you’ve been using it previously, please re-sync once you’ve downloaded the 4.1.0 wallet.New Majority Version Alert
We have added a feature which allows the wallet to track the version number of the other wallets on the network. If your wallet detects a majority of wallets to be on a greater version number than its own version number, it will alert you that a new update is available.Security Updates
Aside from the early access features, the main priority for this release is to secure the network. Bittrex alerted us to some reported instability of the blockchain they were seeing and after some thorough investigation and we were able to find the cause and we have included a preventative security patch in this latest version of the wallet.
The main changes have been to make improvements to the script check methods and we have also added the nTime & strDzeel parameters to the signature hash. This security patch will prevent the recently seen network instabilities moving forward and resolve the issues Bittrex have reported. It will also make these changes compatible with NavPay which we are still on schedule to release later this month.
Making these security improvements to the script check is a change to the consensus mechanism and requires a majority consensus to be accepted on the network. We have decided the best course of action is to implement the security patch as a mandatory hard fork instead of waiting for a majority consensus to be organically achieved.
The network will reject blocks and transactions from versions older than 4.1.0 from 11 December 2017 @ 11:00am GMT.
The network will take some time to stabilize after the fork occurs, so we suggest not sending any NAV for up to 48 hours after the hard fork time. We will post a message to the community once we see the network is stable and we are starting to bring the exchanges back online for deposits and withdrawals.
To help stabilize the network, please update to the new client before the fork time and stake your coins to mint blocks.Install Instructions
To have a smooth transition to the new version, please download 4.1.0 and install it before the hard fork time is reached. If you're using the GUI you will be prompted to allow the wallet to rebuild the database. If you've running the daemon, you will need to run it with the -reindex flag before you will be able to use the new daemon.
If you're using the NavPi there are some extra steps to get up and running with the new version.
From the control panel page, click the update button and update the UI from GitHub. Run the updater script located at /home/stakebox/UI/libs/updater.sh or wait for the autoupdater to run if you are on version 1.0.3 or later. When you see the notice on the homepage of your NavPi stating that a new update has been installed, click the button to reboot the device. When your device has rebooted, go back to the control page and click the Reindex button and reindex the blockchain.
Note that in some instances, it will be unable to reindex the blockchain and the wallet will unfortunately be required to resync the blockchain which can take some time.
If you need to resync the blockchain, you can find a bootstrap to speed the process up here: