Just a quick update for everyone.
We have decided to move to the Proof-of-stake 2.0 for many reasons. We will be utilizing the Blackcoin 2.0 codebase.
We would like to setup a Cannacoin multipool that allows people to mine using whatever algorithm they wish and receive Cannacoins. We hope to work with Suremine and perhaps Youngwebs to set this up. We have not approached them but we are pretty certain that we will find someone to help. If not, we will setup the multipool ourselves, though we would prefer to outsource the multipool.
Why PoS 2.0?
This offers a couple advantages. One being network security. The second being that this will decentralize the network by giving more people the opportunity to become nodes.
Also, we want to support the development of Blackcoin. By moving to the blackcoin codebase, we will be able to adapt quickly to changes they have made as well as provide feedback to the Blackcoin developers.
If you want to read the Blackcoin 2.0 white paper:
http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdfWe expect this transition to take at least 30 days. We will issue a formal statement very soon and give everyone an ETA for when we will have this transition completed.
As a result of this, we would encourage anyone holding large amounts of Cannacoin to participate in our giveaway on NWGT to help give more people the opportunity to stake coins and decentralize the network.
Hoarding coins will not help increase the value of the coins or improve the network. Anyone with more than 50k Cannacoins is encouraged to participate in the giveaway which will take place on NWGT first, and after that we will do a giveaway on reddit using the tip-bot here.
We will also be doing giveaways in the #cannacoin IRC on Freenode network.
Feedback welcome.
Thanks everyone.