We are excited to announce a major milestone for the PirateCash network!
At block 1498167, the SPORK_19_CHAINLOCKS_ENABLED was successfully activated. This achievement was made possible by the increasing interest in masternodes, which allowed the network to form the llmq_400_85 quorum.
What does this mean for the network?
With Chainlock now active, PirateCash has become resilient to 51% attacks — a significant improvement in blockchain security. Chainlock ensures that blocks are confirmed almost instantly through a decentralized quorum of masternodes, similar to the system implemented by Dash. This mechanism prevents malicious actors from reorganizing the blockchain or double-spending, safeguarding the integrity of the network.
Why is this important?
The activation of Chainlock marks an important step in PirateCash’s development, further strengthening the network’s reliability. Users can now enjoy an even higher level of protection and trust in their transactions, knowing the blockchain is secure from one of the most common attack vectors.
The role of the community
This achievement highlights the vital role of the PirateCash community and the growing participation in masternodes. The formation of the llmq_400_85 quorum is a direct result of increased interest and engagement, which has made this upgrade possible.
With Chainlock in place, PirateCash is not just faster and safer but also more resilient than ever before. This is another step toward our goal of building a secure, decentralized, and community-driven network.
Thank you for your support and for being part of this journey!