BITSHARES:- BLOCKCHAIN UPGRADE

BitShares 2.0 are going to be initialized with what's known as a Genesis Block. That genesis block are going to be created from the balances of BitShares 1.0. BitShares 1.0 offers several options that require to be migrated into BitShares 2.0. To modify the method and scale back the danger of errors, the subsequent conditions are going to be met:

Funds:

BTS Tokens: All BTS balances are going to be migrated 1:1. the availability not change!
User-Issed-Assets: All UAI tokens are going to be migrated 1:1
BitAssets: as a result of the new chain could be a straightforward migration and may retain all identical “perceived value”, all BitAssets and short positions area unit migrated 1:1.
Account Names:

Under BitShares 2.0, accounts area unit transferable and have completely different costs primarily based upon the “quality” of the account name. Any “premium” names registered on or once 2015-06-08 (US japanese time) are going to be given the prefix “bts-“ or similar once the migration.

All account names registered on or once 2015-06-18 (US japanese time) are going to be prefixed with “bts-” unless they were registered victimisation the BitShares regulator.

Premium Name: No numbers and has vowles
Cheap Name: Has numbers or no vowels
All alternative account names are going to be migrated with their corresponding owner/active keys.

Open Orders: Open orders (except open short positions) won't migrate and therefore the funds are going to be attributable to the corresponding homeowners.

Open Shorts: Short orders are going to be migrated to BitShares 2.0 on a 1:1 magnitude relation. You collateral are going to be foreign as a separated account (e.g. usd-collateral-holder-124) underneath your management.

Transaction History: dealings histories of BitShares one.0 are going to be inaccessible in BitShares 2.0.

Vesting Balances: Vesting balances can migrate underneath the present terms, if 2 or additional vesting balances were partly claimed as a part of identical dealings before the photograph the vesting balances could also be incorporated into one balance.

Unclaimed Delegate Pay: Delegates that didn't claim their pay before the photograph are going to be able to claim their pay by commerce their corresponding keys just like the other balance.

Assets: User issued assets and market pegged assets can migrated with their corresponding establishment and holders.

Deprecated Features: Some options have clothed to be unreliable or impractical and can so deprecate:

Wall Messages won't be migrated because the feature is currently deprecated

Asset description data is not any longer a part of the blockchain state and can not be migrated

Account public knowledge is deprecated and is not any longer a part of the blockchain state

BitShares address scheme: bts:// are going to be deprecated owing to migration to hosted net wallets