PAI News 📰 - January 11, 2021

PAI News :newspaper: - January 11, 2021

41st Edition

Announcements :speaker:

:warning: PAI Coin 2.2.0 is here! UPDATE TODAY. :warning:

:rotating_light: If you are solo staking, this update is highly recommended. :rotating_light:

To update, execute the following commands in the paicoin directory of your full node.

paicoin-cli stop # stop the node from currently running
git pull # pull the latest changes from the paicoin repo
git checkout 2.2.0 # switch to the latest release
make clean # uninstall your previous build
make # compile the new release
sudo make install # install at the system level
paicoind # restart your node

PAI Coin Pool Staking Rewards Summary :chart_with_upwards_trend:

Currently pending stakes :egg:

  • Total staked amount: 95.6 million PAI (+0.2% since last week)
  • Total pending rewards to date: 18.8 million PAI (+1.0% since last week, +19.9% over principal)
  • Average stake duration: 50.7 weeks (-0.2% since last week)

Matured stakes :hatching_chick:

  • Total staked amount: 5.06 million PAI
  • Total rewards: 164,347 PAI (+3.2% over principal)
  • Average stake duration: 4.5 weeks

Promotions :red_gift_envelope:

  • Set up a full node and earn a PAI Coin Pool bonus of 666 PAI! Set up a full node according to these instructions, then email from the email address associated with your PCP account. In the email, include the IP address or URL of your full node. We will reply with further instructions on how to claim your reward.
  • Create a pre-compiled binary version of paicoind for others to use and get rewarded 10,000 PAI Coin! We want to make it easier for community members to run full nodes and to solo mine and solo stake. One of the ways we can do this is by providing precompiled binaries of the PAI Coin Core software (which comprises paicoind and the paicoin-cli) so that users don’t have to compile the software from source.
    • In order to participate, email a link to download your pre-compiled binary (either for Linux, macOS, or Windows) to The first three valid entries received for each platform will be eligible for the reward.

How to connect PAI Up Mobile to a specific node :face_with_monocle:

Follow these instructions if you are unable to sync PAI Up or if your PAI Wallet still displays incorrect data after a sync.

Traditional apps, like WeChat, connect to a central server to retrieve and upload new data like incoming and outgoing messages, or new Moments from other users. PAI Up doesn’t work like that. Since the PAI Blockchain is a decentralized peer-to-peer network, there is no central server. But every PAI Coin Full Node acts like a central server, and when you launch PAI Up, the app has to choose—basically, at random—which Full Node to connect to.

If your connection to the node is poor (for example, because it’s physically far away), or there happens to be something wrong with that node (for example, because its owner is not properly maintaining it), PAI Up might not work well. In this case, you should manually reconnect to a different node. Here’s how.

From the main screen of PAI Up → Menu → Preferences → PAI Coin Settings → PAI Coin Nodes.

Now, take note of the “Current Primary Node,” then choose “Switch to Manual Mode.” From there, enter one of the following nodes (one that doesn’t match the Current Primary Node from the previous screen) in the top field and choose “OK.” You can enter either the URL or the IP address directly. Then, make sure the “Node Connection Status” shows “Connected.” If it doesn’t, or if it oscillates between “Connected” and “Connecting,” choose a different node from the list below and repeat the process.

Official PAI Coin Seed Nodes

URL IP Address Location Oregon, USA :us: Ohio, USA :us: Seoul, South Korea :kr: Singapore :singapore: Shanghai, China :cn: London, UK :uk: Mainland China :cn: New York, USA :us: Ohio, USA :us: Beijing, China :cn: Virginia, USA :us:

:point_right: If these tips still don’t work, try uninstalling and reinstalling PAI Up.

PAI Developer Updates :computer:

Here’s a snapshot :camera: of development work the team has been focused on:

  • [PAI Coin Core] Updates to PAI Coin Core for solo staking are in progress which will enable solo stakers to specify yes or no votes on blocks based on certain criteria such as coinbase address;
  • [PoUW] Documentation of the current state of progress and future roadmap is in progress;
  • [Hybrid Consensus] A comparison between the DCR (Decred) consensus mechanism, by which Project PAI was inspired, and PAI Coin’s newly launched hybrid consensus is being prepared;
  • [Catena NFT Marketplace]
    • Added the ability to edit and delete assets
    • Added price to asset modal
    • Changed external representation of users from email addresses to paicoin addresses
    • Cached images
    • Moved Catena Art from staging to production
    • Upgraded PAI PASS production to the most up-to-date version of the code

Questions? Comments? Feedback?

Sound off on PAI Forum! :microphone:

Thank you for your support! :pray: