Richard Ells explains what the ETN-Network future holds after the most exciting blockchain update yet!
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pening the door to smart contracts and the ability to bring in more validators is just the tip of the iceberg, says the ETN-Network CEO and Founder All eyes have been on the blockchain update that the ETN-Network blockchain developers, led by the talented Head of Blockchain, Chris Harrison, have been working on for the past few months. It includes a further 75% reduction in block rewards to transactions validators. And it’s here! Mr. Harrison has released it after careful testing to ensure its flawless functionality and security. It lays the groundwork for many exciting integrations that will take the ETN-Network to the next level.
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It is important to note that 99.99% of users have no action required by this update, the millions of app users can sit back and watch the update take place; the only people who need to update their software are the exchanges and anyone running a node.
The techy stuff first Firstly, says Mr. Harrison: “The goal of the V10 Blockchain release is to make the ETN-Network blockchain as transparent as possible. That permits us to develop in line with the direction of travel of the global cryptocurrency industry as a whole and do business with institutions and whole countries that may
otherwise have their doors closed to us. This helps us future-proof our network.” The Head of Blockchain also explained: “The new blockchain will permit two types of transactions.” The first type will solely be for migrating ETN User’s balances over to the new blockchain. And the second type will be the new status quo, which is fully transparent blockchain transactions.” 1. Migration transactions that will sweep users’ private balances back to themselves (at no cost, of course), with the beneficiary (ETN User) ETN wallet address completely public.
