TecraCoin works on core wallet upgrade

TecraCoin TCR Wallet upgrade

What is a TecraCoin TCR Wallet?

Crypto wallet is the basic software needed to use the cryptocurrencies properly. Every blockchain of cryptocurrency must have its own basic wallet (the most commonly used are the desktop and server ones), which is usually composed from the name of the cryptocurrency and the word “Core”, for example Bitcoin Core, Litecoin Core etc. Every developing blockchain project has to implement Core updates in order to make the system more secure and solid because the correct functioning of the basic wallet is crucial . (Tecra’s basic wallet is “Tecra QT wallet” — you can download from the GutHub — https://tecracoin.io/wallets)

This week, Teсra developers have prepared the first part of the update of the above mentioned wallet. Since the blockchain used by Tecra is the fork of the widely recognized Zcoin blockchain, we are working on the upgrade from version 11 to version 14 which includes all of the changes from the versions 12 and 13. The most significant reason for such changes was to enhance the masternodes and increase the safety of our blockchain.

Why is this update essential?

Masternodes are awarded in order of precedence. According to the previously set order, the last MN to receive the reward is transferred to the end of the queue, and from the next block, the reward will be given to the next MN. In every block, there is a vote between nodes to decide which one of the MasterNodes will get the reward from this particular block. However, there might be the situation in which MN that was supposed to get the reward will not receive it.

Currently The MN communication between nodes takes place off-chain, and the data is stored in the memory, without being saved to the blockchain. The winner of the voting receives the reward via the payment in the next block. However, sometimes it might be possible for the node to “unpin” from the rest of the blockchain’s node network and conduct its own voting, contrary to the majority of MNs’ preferences. This leads to a MN blockage and the approved winner of the vote might not receive the reward.

Following Zcoin’s solution Tecra will introduce a new masternodes launching and voting system. It will shift the process of their activation and voting directly to blockchain transactions. In result, we create the “deterministic masternodes” which cannot “unpin” from the voting chains. This guarantees that the approved winner of the vote will definitely be the only one. This will be the biggest change introduced when updating to Core 14.

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