Earlier, we announced that the third validator period would kick off on block 6259269, which would be happening around the 22nd of March, 2021.
There was an update released last week for the node operators, mostly being the validators, that included a smart contract-based setup for the new validator list.
After block 6259269 was reached on the Trustlines Blockchain, we noticed that there was a problem with the new validator set being adopted. Too many validators from the second period had gone offline, and we couldn’t reach finality for the new set.
Today, as a temporary solution, another update to the chain specification was released. Instead of being a smart contract including the list of addresses for the validators, this update hardcodes the new validator set into the chain specification.
This new spec is ready, it will activate the validator set for the third period. We ask all the validators to upgrade their nodes as soon as possible. Currently there is still a majority of node operators running the old version, blocking the change.
As there is no smart contract involved in this setup, another fork will be needed to switch to that. The smart contract is needed for the full operability of the Trustlines Blockchain. It will enable the slashing conditions for the validators and allow people to convert their TLN to TLC via the bridge.
We will update you once we know when the next fork is planned to take place.