Great news! To increase versatility and standardization of Lightchain for multiple exchanges, Lightchain will undergo wallet upgrade from 3 July 2018, 18:00:00, to 4 July 2018 06:00:00 (Singapore time). Contract code will be upgraded and renamed as Lightcoin2.0, while the symbol will remain as Light.
KKCOIN will hence suspend deposit and withdrawal of Light tokens from 3 July 2018, 18:00:00 to 4 July 2018, 10:00:00 (Singapore time).
Holders of original Light tokens will not need to take any actions for this smart contract upgrade. During this period, deposit and withdrawal of Light tokens on exchanges will be suspended. Upgrade time will take an estimated time of 12 hours, and normal operations will resume subject to individual exchanges.
Snapshot for Light token holders: A snapshot of existing token holders will be taken as of the existing block at 06:00:00 (Singapore time) on 4 July 2018 and new Light tokens will be distributed on a 1:1 basis to holders. The total amount of tokens will remain unchanged and new tokens will be issued to the respective wallets. The original currency will become void at the time of the block snapshot.
Please note the following:
1. During the suspension period, Light tokens can still be traded on exchanges.
- The name of Light tokens in digital currency wallets remains unchanged as "Light". After the block snapshot (4 July 2018, 06:00:00 Singapore time), the original token will be renamed to "Old Light". "The original token will no longer be used as a representation of value.
- Unconfirmed transfers may result in the loss of your assets. Users are required to ensure that there no transfers pending within 4 hours before the snapshot. All Light transactions should be confirmed during that timeframe.
LIGHT (Light Chain) is the world's first double-layer blockchain (parent and child chains). As the world's first double-layer chain, Light chain creatively achieves and ensures the three elements of safety, high-performance and decentralization through the parent chain and child-chain structure. The LIGHT parent chain is similar to a traditional public chain, ensuring that records are complete, transparent, and cannot be tampered with or destroyed. The LIGHT child-chain can be numerous and independent of each other. Based on the PoM validation method, combined with the In-Memory database cache, the buffer link throughput can be effectively improved, and QPS can reach more than 100,000, greatly improving performance. LIGHT chain will solve performance and scalability problems in the fast-growing blockchain world, and realize massive application in real-life scenarios. The birth of LIGHT marks the entry of the blockchain industry into a new era.
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KKCOIN Team & LIGHT Team