SmartCash released the anticipated core upgrade v1.2.8 on GitHub on February 20th. The upgrade announced on the 30th of January, included changes intended to rebalance the network, improve node performance, and a 10x increase to the collateral requirement of SmartNodes from 10,000 SMART to 100,000 SMART.
ANALYSIS OF SMARTNODE COLLATERAL MOVEMENTS
By observing the total number of SmartNode collateral addresses registered for both previous and current protocol versions, it is possible to identify the overall movement of SmartCash during this transition. This has been visualized by SmartStats.cc on the SmartNode Stats page.
Looking at the graph shows the following from the beginning of the transition on February 21st:
18,964 90026 “10k” nodes 189,640,000 SMART
10 90028 “100k” nodes 1,000,000 SMAR
Total: 190,640,000 SMART
A week later, on February 28th:
11,528 90026 “10K” nodes, 115,280,000 SMART
1,227 90028 “100k” nodes, 122,700,000 SMART
Total: 237,980,000 SMART
Overall, this shows an increase of SMART collateral by 47,340,000 SMART.
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