About Upcoming BitShares (BTS) Protocol Upgrade on 8th December

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0.000 HBD
About Upcoming BitShares (BTS) Protocol Upgrade on 8th December
The protocol upgrade (hard fork) will occur on 2017-12-08 15:40:00 UTC.

All nodes should upgrade to `2.0.171105a` if agree with the protocol upgrade.

After the scheduled hard fork time, for the smart coins (e.g. GOLD, SILVER) / market pegged assets (e.g. BTWTY, GRIDCOIN), before enough witnesses / feed producers started to publish price feeds, **the asset holders can settle their assets (to get the collateral in global settlement fund) INSTANTLY at the original "black swan price"**.

When enough witnesses / price feed producers have provided new price feeds after the time, a revive process will start. If the new feed price is great than 175% of the black swan price, the asset will be revived instantly.

Otherwise, collateral holders can bid the settlement fund by providing more collateral to get a cut of the debt (via `cli_wallet`). The bids will be processed hourly, when reached more than 175% of collateral ratio for all debt, the asset will be revived.

More info about the mechanism is described in https://github.com/bitshares/bsips/blob/master/bsip-0018.md

Release page: https://github.com/bitshares/bitshares-core/releases/tag/2.0.171105a

Related discussion and how to bid (Chinese): https://bitsharestalk.org/index.php/topic,25417.0.html

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12月8日BSIP 18生效后,黑天鹅复活相关规则和操作说明,见论坛贴 https://bitsharestalk.org/index.php/topic,25417.0.html

新版节点下载地址: https://github.com/bitshares/bitshares-core/releases/tag/2.0.171105a
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