TRC Terracoin failed hard fork. Prices drop.
TERRACOIN HARD FORK WENT WRONG
The hard fork to enable MASTERNODS on the network got the blockchain stuck at block 1087499
The wallets on the exchanges are blocked even 10 hours after the hardfork was supposed to end.
There are a few rumours that the mining power did not move on the new blockchain, this can be caused by many things:
- someone trying to keep a second coin keeping the old blockchain alive, as it can function without masternodes
- big mining pools not updating by mistake
- a bug in the new blockchain software
The most probable scenario is: Big mining power did not move leaving small miners to solve a high diff block , the diff retarget will be after they mine this block.
Until then no transfer is possible in TRC network, as blockchain is stuck.