Important Announcement The Criptoreal Genesis block was "born" on January 1st, less than a month ago,
but the developers couldn't imagine that we would receive such support from the Brazilian and international community.
Our transparency and direct contact with the community has been proven very important for the project.
Since the beginning, our main focus has been the adoption of a cryptocurrency in Brazil and Latin America.
In the last couple of weeks, we spoke to, literally, hundreds of people interested in the
growth of Criptoreal, we've heard many excellent ideas. From those ideas, we've decided to
implement the following changes to our project and roadmap:
1) New Algorithm
2) Masternodes
3) Instasend
4) Privatesend
6) Marketing
7) Whitepaper, Website and User ManualsIn order to accomplish the technical changes, we've decided to create a new blockchain instead
of a hard fork, now is a good time since adoption is still in the beginning.
Who has CRS right now needs to pay close attention, because we are going to do a swap* 1:1,
that means that for each CRS that you own right now, you'll get 1 coin of the new chain.
Let's go to the details:
1) New AlgorithmInitially we chose Lyra2REV2 because of its Brazilian origin and being ASIC resistant,
theoretically, that would favor Criptoreal's decentralization of ownership.
However, we didn't foresee the influence that Nicehash has nowadays on new coins and the
issue with centralization that it brings.
Because of that, we decided to start the new chain with a different algo, Lyra2z, also of brazilian origin.
Lyra2z is a new algo, developped by the Zcoin team, also ASIC resistant and until now it can't be mined
on nicehash, favouring small miners who can even mine it with CPU.
Also, Lyra2z is environmentally friendlier, since it doesn't use so much processing power, GPUs are colder,
making them last longer and spend less energy.
2) MasternodesThe new chain is Masternode compatible, masternodes among other uses are responsible for
the instasend feature, disconsidering block time in specific cases.
A great advantage of Masternodes is that the feature helps people hold the coin
instead of selling them immediately.
Generally speaking, serious projects with Masternodes, tend to see their coins
grow in value on exchanges.
The Masternode collateral will be CRS 50.000 and owners will split block
rewards 50/50 with miners.
More details about Masternodes will be published soon in an exclusive announcement.
3) InstasendAs mentioned above, Masternode implementation also allows the CRS to adopt instasend,
a very important feature for the adoption of CRS in retail commerce.
4) PrivatesendWith technology's advancements, is getting easier to track transactions on a public blockchain,
that is great in cases such as NGOs donations, but the option of privacy is no less important.
Privatesend mixes coins within the wallet in order to obfuscate ownership.
5) ExchangeWe are anticipating exchange listings, at the moment, we are talking with two different
exchanges and this week we'll post what exchange will be the first to list CRS.
Sales of CRS for the 10 first Masternodes will be only done in an exchange and we will
not sell CRS for more than 2 masternodes a week.
There will not be private auctions, hoping to avoid disadvantages and lack of transparency.
The selling price of the coins sold by us will be always higher then the last 3 prices on the
auction to prevent accusations of dumping.
6) MarketingWe are already contacting websites like Bitcoin.com to add our official press release,
once the transition to the new chain, all these costs will be supported by the CRS team from our own funds.
Also, an ad campaign on facebook reaching 60 million people, is already been planned with
a big digital agency here and it will be executed in February.
7) Whitepaper, Website and User ManualsWe are finishing the new version of our whitepaper, it will be published soon and
translations to English, Spanish and Russian have already been reserved.
The new website will be published this week, already translated and new details about the project.
Also, we are in the process of releasing user manuals for those users with less knowledge
about the characteristics of a wallet.
===
*Swap:The new blockchain will have approximately the same amount of coins as the current chain,
whoever has 1CRS will have to swap it for the the new coin.
Similar to Ethereum and Eethereum Classic fork, current CRS will be renamed to CRSC on the next release of the wallet.
Swap will start on February 1st at 00:00 GMT and will be active for 15 days. Once the swap is finished, all CRSC will be publically burned and the old blockchain will be deactivated.
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We are deeply greatful for your understanding and support!
If you have any doubts, please contact us on our Facebook, Telegram Groups, or Discord.
https://t.me/criptorealtalkhttps://www.facebook.com/groups/415004872261714/https://discord.gg/SUHcbyvThe bounty to translate this announcement to your language is CRS 100, if you'd like to do it,
please, translate it to your language and post it to the ANN of Criptoreal in your language in
Bitcointalk. After that, contact CriptorealDev on Telegram.
There will be a new announcement or further discussion will be in this thread? When will it be possible to obtain more detailed information for a coin with a new algorithm?
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