All-
Please see this draft that we will be posting in a dedicated PR thread regarding our transition to the Proof Of Research wallet around mid October (shortly before our 1 year anniversary):
http://www.gridcoin.us/guides/gridcoinpor.pdfThis guide outlines the major differences between the existing proof of work wallet and PoR wallet.
On a high level, we will be exercising the following actions over the next month (will provide details soon):
* Hard fork required in the classic wallet around Oct 1st 2014 (this ensures higher security during the retirement phase and a diminishing block reward for its last 6 month lifespan)
for all users and exchanges.
* Release of PoR wallet around 10-10. Mining in the PoR wallet begins.
* Exchanges stop trading GRC classic
* Exchanges start trading GRC using the PoR wallet
* Coin burning begins - extends on for 6 months
* Coins are exchanged via a dedicated foundation site for Gridcoin PoR coins (at 10* quantity)
It is a very exciting time.
We also started advertising on Bing and have had over 600 clicks into gridcoin.us.
Rob
All good news! What will be the new maximum supply of GRC after the fork/update? Capped or uncapped?
Cheers!
FR