We made the decision to fork NESS, allowing you to take ownership of your holdings on the new chain with your existing keys. This solves several problems and allows us to swiftly progress on our roadmap.
Since the current NESS Coin Hours can not be ported onto the new chain, we will set a ratio NCH/NESS and conduct a buy back from NCH owners. This will be the first ‘swap back’ of Coin Hours in history.
➡️ What problems does the fork solve?
The fork…
– corrects an issue with hard-coded supply metadata that block explorer reads for total supply instead of the real supply
– ensures we have all the latest codebase from Skycoin
– resets time for Coin Hours to zero. This is the way Fiber coins do a ‘fair launch’
– allows us to definitively set the supply of NESS on the Fiber blockchain vs Other chains (NCH-generators vs Synthetics)
➡️ As always, we have an ongoing AMA in our Telegram Discussion group: t.me/privatenesstalk; PrivateNess on Twitter: twitter.com/PrivatenessN
