Hello, MUN-society!
Thanks to all for a long wait and patience!
At the numerous requests from the community complaining that the cost of running nodes is too high compared to the reward we are updating the emission curve to make them more efficient to run. The new block reward will increase by a factor of 15 to 150/block starting at block 60000. The node collateral in the new wallet is increased by x15 to 15000 respectively. This will create fewer nodes, increase ROI, make the nodes worthwhile to run again and bring the premine share to nothing making it much more fairly distributed.
We are also enabling superblocks for democratic project governance after block 65000. The reward will be split 45%, 45%, 10% between the miner, the master nodes, and the treasury respectively. The community will be able to vote for projects they introduce. Proposal owners predesignate payment addresses. Superblocks create funds every month based on the requested amount from proposals that passed (up to the monthly maximum) and send them to the addresses. If more funding was successfully requested than can be afforded by the budget higher net yes vote proposals have priority. Any proposals that passed but didn't get funded (due to lack of funds) must be resubmitted the next month.
In 12-14 hours we will update the seeds to new protocol version, old clients will not be able to connect to new network to prevent old MNs from running on it. Protocol changes from 70208 to 70209. Otherwise the blockchain remains intact.
New wallets version available here:
https://github.com/muncrypto/muncoin/releases/tag/v0.1.0.3MN payment enforcement will be turned off during the transition to allow for smooth update by the pools.Now MUN-society will be able to manage future of coin. MUN will become a comMUNity coin!
Increase block reward is not fair for someone who mine before.
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