Announcement: New Matrix AI Network gman Introduces Fixed and Flexible Staking!

Introducing Fixed and Flexible Staking

Once this update goes live, the Matrix AI Network will support two different stake types: Fixed Stakes and Flexible Stakes. Both have slightly different behaviors, rules and attributes.

Other Notes and Updates

● You can combine fixed and flexible stakes.

How do I perform the upgrade?

As of this writing, the new gman files for Mac and Windows are available for download on the official Matrix AI Network website. The Linux version is available on the official Matrix AI Network github.

  • a. Open Notepad or another word processing software. Copy and paste the following string into a separate document and replace the highlighted section with your own Wallet B address. After doing so, ensure that the entirety is a single string of text. Copy it and paste it into the Command Prompt.
  • Please make sure to insert a space between manAddress and your Wallet B address.
  • gman — datadir chaindata — networkid 1 — debug — verbosity 3 — manAddress MAN.2sXxXxxXxXxxXxXxxxXxXxXxxxXjU — entrust entrust.json — gcmode archive — outputinfo 1 — syncmode full
  • b. Press Enter. You will be prompted to enter the password you just set up. As before, you will not be able to see your password as your write it. Do so. Press Enter. If you mistyped your password, you will receive an error message. Don’t worry. Simply follow the prompts until the “>” symbol appears.
  • c. After entering your password, you should receive a congratulatory message after a few seconds. Congratulations! Your node is set up!

Is there a deadline?

Everyone must download the updated gman files as soon as possible to ensure the continued operation of their Mining and Verification Masternodes. The new gman files are available for download from the official Matrix AI Network website and github as of this writing. The deadline to upgrade gman files and redeploy your Masternode is block 567,000.

What happens if I don’t upgrade?

Simply put, if you don’t upgrade gman files, your node will not be able to perform mining and verification tasks beginning with block 567,000. This also means that you will not be able to receive full block rewards.

What happens to my preexisting stake?

Existing stakes will be automatically converted to flexible stakes. You can switch flexible stakes to fixed stakes at any time should you wish to benefit from increased stake rewards.

If this Matrix’s final form?

Not at all! The Matrix AI Network will continue to monitor and improve. The next major update is scheduled for later in 2019.

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Matrix AI Network

Matrix AI Network

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Matrix AI Network leverages the latest AI technology to deliver on the promise of blockchain. Website: www.matrix.io Telegram: t.me/matrixainetwork