Wallet Send Button Disabled from
June 14th to 17th
TBC has a serious backlog issue of Transactions.
Blockchain technology does tend to backlog; here is
a backlog monitor for Bitcoin: https://
blockchain.info/unconfirmed-transactions
To take some pressure off the TBC Coin system, we
will schedule downtime for new transactions from
June 14th to the 17th by disabling the Send button
on all wallets at that time. We don’t expect the
entire backlog to catch up by the end of that time,
but we believe a large part of the backlog will get
processed.
We have identified the bug in our TBC Coin system.
Recently we did expand our server base for the TBC
coin network, but apparently the current
configuration of the core TBC code supports only
one Daemon server. The Daemon is like the spinal
cord of the TBC code. We need a couple weeks to
develop the TBC code to support unlimited Daemon
servers. Proper configuration is very important so
that the new system will not allow double spending
or hard forks in the blockchain. That’s why the
development period is expected to be a couple of
weeks before we can install the new system. So, we
are likely to do more scheduled downtime’s over the
next couple of weeks to allow the blockchain a
chance to catch up on the backlog of transactions.
The good news is once this upgrade is done to the
TBC coin code, it will make TBC scale-able to be
able to expand to as many servers as needed to
carry the load of all the transactions. That way we
can almost eliminate backlog, and certainly
seriously reduce the backlog by adding more servers
ongoing. Completely disabling all new transactions
from time to time will not be necessary once our
system becomes scale-able. So, this scheduled
downtime is a temporary solution that is needed
now, but we will not need to use it in the future
once this upgrade is working and we expand into
more servers too.
None of the above will affect the gift giving of
Kringles within the Kringle Cash Promotion. The
gifts will still be given to all the new sign ups
ongoing. When people login to their wallets they will
see the 100,000 Kringles given to them. But no one
will be able to Send coins during the scheduled
downtime because the Send button will be disabled.
We have about 6,000 Testers so far for the Fiat
Bank Exchange, so you better hurry up and
complete annual payments for the Kringle Cash
back office to qualify.
June 14th to 17th
TBC has a serious backlog issue of Transactions.
Blockchain technology does tend to backlog; here is
a backlog monitor for Bitcoin: https://
blockchain.info/unconfirmed-transactions
To take some pressure off the TBC Coin system, we
will schedule downtime for new transactions from
June 14th to the 17th by disabling the Send button
on all wallets at that time. We don’t expect the
entire backlog to catch up by the end of that time,
but we believe a large part of the backlog will get
processed.
We have identified the bug in our TBC Coin system.
Recently we did expand our server base for the TBC
coin network, but apparently the current
configuration of the core TBC code supports only
one Daemon server. The Daemon is like the spinal
cord of the TBC code. We need a couple weeks to
develop the TBC code to support unlimited Daemon
servers. Proper configuration is very important so
that the new system will not allow double spending
or hard forks in the blockchain. That’s why the
development period is expected to be a couple of
weeks before we can install the new system. So, we
are likely to do more scheduled downtime’s over the
next couple of weeks to allow the blockchain a
chance to catch up on the backlog of transactions.
The good news is once this upgrade is done to the
TBC coin code, it will make TBC scale-able to be
able to expand to as many servers as needed to
carry the load of all the transactions. That way we
can almost eliminate backlog, and certainly
seriously reduce the backlog by adding more servers
ongoing. Completely disabling all new transactions
from time to time will not be necessary once our
system becomes scale-able. So, this scheduled
downtime is a temporary solution that is needed
now, but we will not need to use it in the future
once this upgrade is working and we expand into
more servers too.
None of the above will affect the gift giving of
Kringles within the Kringle Cash Promotion. The
gifts will still be given to all the new sign ups
ongoing. When people login to their wallets they will
see the 100,000 Kringles given to them. But no one
will be able to Send coins during the scheduled
downtime because the Send button will be disabled.
We have about 6,000 Testers so far for the Fiat
Bank Exchange, so you better hurry up and
complete annual payments for the Kringle Cash
back office to qualify.
No comments:
Post a Comment