IMPORTANT UPDATE
After having some extended discussions with @jbg, @beachguy and @RKh it has become clear
that @jbg does not support the upcoming XSPEC update and the changes it brings to the
network. @jbg has therefore stated that he will only support the “old” version of XSPEC and
collaborate with others and continue development on the “old XSPEC” which will be done under
the name of WISP. That means therefore that @jbg effectively leaves Spectrecoin (XSPEC) and he
is no longer the lead dev, manager or a spokesperson for Spectrecoin (XSPEC).
@jbg has stated that he will continue the work he has promised to the community (v 1.4) but this
will now be published under the name of WISP based on the “old XSPEC blockchain”. Please see
statement from @jbg when this is published. As the updates promised to the community by @jbg
will be pushed to a new GitHub open source repo, the official Spectrecoin (XSPEC) will be free to
work downstream from the new @jbg repo and implement the improvements coded by @jbg for
WISP as we will share the same code base, if this is deemed beneficial at the time of when the
code is released by @jbg. That means that supporters of the official XSPEC will get all the
improvements promised by @jbg although he no longer works for the project.
XSPEC will continue to develop with a vision of becoming a superior privacy coin and this split
will not detract from that mission. It is therefore possible that XSPEC and the @jbg version will
share code for a while but are likely to diverge as the code will be developed independently in the
future.
Therefore, there will be the official Spectrecoin (XSPEC) continuing as announced in a previous
statement with @mandica, @beachguy and @RKh as the core team and a new blockchain named
WISP where @jbg will the coder. @jbg will make an announcement around how this will be
implemented from his side.
Whilst we are in the process of hiring a full time professional developer for XSPEC, @mammix2
will step in as a developer and consultant and code the next version of the wallet as stated in a
previous announcement. This new version of XSPEC (likely to be known as v. 1.3.7 to bring it in
line with the latest Mac release) will bring the following two major changes to the network:
(1) 5% of the generated output in every block will be directed to a development fund.
(2) The PoS reward will increase to 5.25% per annum to compensate stakers who will not notice
a drop in the number of coins they receive.
(3) The donation slider will still be in effect and stakers will be able to contribute additional funds
to the project if they choose.
This will achieve a minimum of funding for development and contribute to a more professional
structure and work practices for the XSPEC core team. The accounts will be open and
transparent and the development work will be managed and checked and updates will be
provided. Once we are past the interim wallet update we will be able to finalise an updated
roadmap for XSPEC. There should not be any disruptions to the network. Simply download and
run the updated wallet when it is released.
The update will be in two stages:
(1) Upon new wallet release older wallets will be excluded from the network but enough time will
be given for everyone to update.
(2) At a predetermined block height the changes will activate with regards to the dev fund.
Make no mistake, Spectrecoin (XSPEC) is still XSPEC. The upcoming update is the official version
of Spectrecoin (XSPEC) and it is @jbg who has chosen to leave the project to start coding for the
new project known as WISP.
XSPEC will keep the official resources and forums for updates and information and the artwork
and other assets.
For every 1 XSPEC held at the moment of the fork, the holder will have 1 WISP
(the new name for that XSPEC) and also 1 XSPEC (of Mandica's new fork). You can
continue to use your existing XSPEC wallet to access your WISP, but we will
release an update that will include the new name and branding. To access your
XSPEC of Mandica's new fork you will need to download their forked wallet.
Statement xspecStatement jbg
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