Wolf Coin V2
What can I say, like a
number of coins when they first go out live they see problems and have
to have another mandatory wallet, this is our case as well. We
tested the coin to the best of our abilities, but fell short, I
apologize. The new mandatory wallet will be released on October 6,
2021, only 10 days from the 5th anniversary of the coin. With this
mandatory upgrade, there were several features changed such as how the
difficulty was found and other changes to the code explained here.
I believe in
transparency and have made a number of updates to what has been
happening with the code for the coin and what it might mean for the
user. I think any good dev should be willing to admit their successes
as well as their failures. This was not so much a failure but a
whoopsie in the scale of things!! We were overly cautious but
were justified. We knew we needed to add a checkpoint that marks
the validity of the blockchain. Going back in the logs and
sifting through the data there was the discovery of the first bad block
during the time when the swap funds were being shipped to Frei
Exchange. This would be an ideal place to set a checkpoint, but
it would require going back and having to recreate the conditions at
the time which is impossible. So the last block on the chain was
accepted as the best chain. Going forward in the future, the code
will be checkmarked regularly.
Again, I am sorry and take full responsibility. As the person who steers this ship, I will always do my best for you!!
Wolf Coin,WW, was originally released on October 21, 2016, as a payment
method for items in the now-defunct Cryptopia Store. It was a
pure Proof of Work, PoW, coin aimed at low hash individuals so all
could mine it. This wasn't the case. And now,
almost 5 years later, we remake Waya Wolf Coin to be a hybrid coin,
that is Proof of Stake, PoS, and PoW. I feel now is the right
time to make these changes and Waya Wolf Coin V2, WWV2 is born.
The new Waya Wolf Coin V2 retains all
of the features of Waya Wolf Coin. It is still meant to be a
payment coin for goods and services.
WW Coin had a fair release
with no pre-mine and was a pure POW coin. It had an approximate total
of coins 10,500,000 and the initial reward was 25 coins. It has halved
and the current reward is 12.5 coins. The reason for the parameters of
the coin and the fair launch was to make WW accessible to all by
mining. These factors make WW a great coin for payment services.
The WW Coin is supported on several platforms. Including the
Gemmer Multiwallet a 64-bit Android wallet. This allows for
easier ways to pay for goods and services.
The discord for WW has some services
available for users. The first is the Academy, where anyone
can post/answer a question. If the answer is really helpful you may
consider tipping them in the bot room. There is a section for
Sister Coins where you can participate with coins that are associated
with Waya Wolf Coin. Services include a trusted 3rd party
service where you can use WW to handle funds held as a means of safe
transactions between parties. There also is the Payment and
Fulfillment service that can handle many services for you, please see
the description in the Discord. All these services are
available for Waya Wolf Coin V2!
The spice must flow -- Dune
original Waya Wolf Coin was issued on 10.16.2016, and now almost 5
years later it will be revised to Waya Wolf Coin V2. The
parameters of WW were selected for payment methods as well as being a
coin to be mined by all. A main driving force for this change
is to keep the blockchain moving. Three factors can affect a
POW coin to slow down if not halt the blockchain for periods.
A lack of miners will simply do this as rewards diminish in
value it is not as attractive to mine a coin. Situations
arise when a large mining hash rate for a short period occurs.
This drives the difficulty up and when the mining hash is
removed there may be several blocks needed to drive the difficulty down
to an appropriate level for the amount of mining hash present.
Finally, and most diabolical of all is the 51% attack.
This is when a miner or group of miners control over 50% of
the mining hash, The attackers could cause transactions not
to confirm and even reverse transactions while they controlled allowing
them to potentially double-spend coins. So there is a
correlation between the blockchain functioning well and the difficulty.
To counter these things, several things were done. For the
case where there are no miners of the mining, the difficulty is too
high The POS part of the new coins will fix this.
Additionally, To be able to accomplish a 51% attack you would
need to have 50% of all circulating coins which is very likely not to
happen. For the other issues, we have changed how the
difficulty is calculated. It is based on the average times of
the last 5 intervals. This value is then reduced by 25% and
then further constrained to be within 50% of the calculated value.
This will ensure the values of the difficulties will not rise
too fast or too slow.
number of coins for the swap was 7,318,750 WW the number of active
coins plus 250,00 Waya Wolf Coins V2. The developer's fund of
250,000 coins was used to pay for various aspects of the swap. The
number of coins swapped in the bot-room tip-bot was 44274.91412019 WW
and on the Frei Exchange, it was 1020205.08114601 WW for a total of
1,064,479.995266 WW. This leaves a balance of
5,959,995.090613 WW. This number is very high and has several
Some of the main reasons for this is that I lost over 1,000,000 WW.
The downfall of the now-defunct Crytopia contained a great
amount of WW trapped there. Those who did not get the word in
time. And finally all of the coins in Unnamed Exchange.
I have talked with the people at Unnamed and did not receive
an answer yet. Once a decision is given actions will be set
in motion. If you are on the original WW blockchain it will
have ended and the coins worthless. Only the WW2 coins will
be on the right blockchain. Because of these factors, the
remaining swap funds will be retained. Please note the coins
I lost will not be replaced, I can no longer prove ownership and hence
cannot be expected to have them swapped.
A number of blocks will be mined by me as a shakedown of the
coin. These mined blocks will be added to the
faucet. The exact number will be posted. Some of
the available coins from the swap will be used to pay for expenses not
included in the developer's fund.
Coin Name: Waya Wolf Coin
Type: Hybrid POW/POS
Address Letter: W
Original Date Created: 10.16.2016
Rebirth Date Created: 9.28.2021
Roaming Directory: WayaWolfV2
Configuration File: WayaWolfCoin.conf
RPC Port: 9912
P2P Port: 9911
Block Target: Every 5 minutes
Retarget Difficulty: Every 3 Blocks
Premine for Swap: 7,318,750 WW
Minimum TX Fee: 0.0001
Block Reward POW or POS: Initial 25 WW, Now 12.5
POS Minimum Age till Maturity: 4 Days
Block Halving: ~210k Blocks (~3 Years)
Coin Supply: ~11 M WW
UseCase: Waya Wolf Trading Post
The Waya Wolf Trading
Post is a place where you can shop for uncirculated
banknotes, fine jewelry, raw gemstones, and stamps. The
trading post accepts both Waya Wolf Coin and Dimunitive, DIMI, Coin as
payment methods. You can even trade your WW and DIMI there
for cash. More items are added all the time.
Currently, 3 companies are represented in the trading Post
and more and more quality retailers are always sought.
Please check out the Waya Wolf Trading
Post and use your WW and DIMI to buy items!!
To be listed on an index of EWMCI;
-- Increase the number of users of Waya Wolf Coin V2;
-- Increase the price of WWV2;
-- Get listed on Payment Provider(s);
-- Increase offerings on the Waya Wolf Trading Post;
-- Work on infrastructure to keep WWV2 a strong solid coin;
-- Increase the presence of WWV2;
-- To develop and create more goods and services that use WWV2
are a very important source of income for a coin to keep the lights on.
To run and host a coin is very very expensive. Very
few people ever donate to help a coin out. I make a plea and
a challenge to you all to support this coin!!
©28.9.2021 WayaWolfCoin Developers