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RE: Minnowsupport and Palcoin Updates!

in Palnet6 years ago

I understand this post to mean that PAL has switched from drawing on Steem blockchain to drawing on Hive. Why isn't this available to all tokens on Engine? Seems simple enough, and for folks that want, I don't see why Engine doesn't allow token creators to change their names as desirable.

Migration of Engine to Hive complete. Buying a new token should only be necessary to outfits that want to be active on both Steem and Hive blockchain. Tokens that only desire to move the chain on which their data is drawn should be allowed to do so, as PAL has been.

Thanks!

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I think the token stays on steem-engine, but acts on the hive blockchain. I don't see in this post that the PAL token has moved to hive-engine - but it appears that they intend to move the token at some point in the future.
FWIW I run then server for a Steem-engine token that scans both hive and Steem blockchains for activity. It's possible but takes resources.

Doesn't PAL draw on blockchain data to determine how it's being invoked, just as many SE coins do? Seems like it's not any different to draw that data from Hive than from Steem.

In principle yes, but there are problems. E.g. we cannot assume that @userX on one chain is @userX on the other chain. Even if the account existed before the chain split, the original account holder might've sold off their account on one of the chains.
So yeah, you want SE / HE tokens tied to their chain and leave it up to the token issuer how they want to deal with the two chain thing.

I reckon the communities concerned can handle that as they will. The number of accounts that have changed hands is likely low. This would be vastly preferable to many than having to create a new coin.