The core team of Innova chain is really glad to announce its newest update regarding Innova project’s transition . The existing chain will move to a Hybrid Chain ( PoS + PoW ) using a Hybrid Masternode system , also called Fortuna Stakes.
The new characteristics associated with this transition are public and completely anticipated to ensure the best transition possible for the whole Innova community :
- The PoW Phase will last for 50,000 blocks and the chain will switch to full POS after block 50,00
- The PoS system works on an Annual Percent Rate of 6% a year
- The new Collateral for Fortuna Stake is fixed at 25,000 INN while also having a reduced reward % of 65% per block ( Either PoW or PoS block )
The new github holding all the new releases will be updated and shared with the Innova community today while explaining all of the PoW reward structure brought with the new Innova system.
Participate in Testnet
The team is also launching a technical testnet to ensure everything is working fine within the new ecosystem and to guarantee the stability of all the features offered by this transition. The testnet program has 8 slots total that are available to join the team in the testnet. Currently two invites have already been sent with one responding promptly so 7 testnet slots are still remaining.The different members to be invited will be directly selected by the core team of Innova itself. All the proper and corresponding instructions will also be sent for setting up the testnet and running a Fortuna Stake in an easy way.
More information at https://www.innovacoin.io/