SpectreCoin will be going through changes as a result of the earlier announcement by Project Manager Mandica
This statement was released today .
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.
The following are the official links for Spectrecoin (XSPEC):
Web:
https://spectreproject.ioBitcointalk:
https://bitcointalk.org/index.php?topic=2103301.0GitHub repo:
https://github.com/spectrecoin/XSPEC (*)
Twitter:
https://twitter.com/SpectreCashExplorer:
https://https://chainz.cryptoid.info/xspec/Reddit: reddit.com/r/XSPEC
Discord (Only official XSPEC):
https://discord.gg/ckkrb8mCoinmarketcap:
https://coinmarketcap.com/currencies/spectrecoin/All the links will be updated to reflect the change and both Spectrecoin (XSPEC) and the logos
belong to The Spectreproject and the core team to manage and use.
I created the project and I own the web domains, the original Twitter account, the original GitHub
account and I created the original artwork for XSPEC and created the name for the project. Our
service providers acknowledge me as the project manager for XSPEC.
There also seem to be wide support in the community for a clear direction and steady funding of
the project and a more professional approach to development.
Therefore, XSPEC will assemble a core team or developers and other functions that will work full
time and be open and accountable.
Both the main exchanges, i.e. Livecoin and Cryptopia recognise this update as an official
update of the XSPEC network and they will both run the new version of the XSPEC wallet. I
have been in contact with both exchanges to confirm that they will update to the new
version.
That means that if you do not update to the new version of XSPEC you will NOT be able to
deposit or withdraw XSPEC from the exchanges after the changes have been implemented.
@jbg will continue to develop under the ticker WISP and as the network splits everyone will get an
equal share of XSPEC and the new WISP. So, if you hold 1 XSPEC before the network split youwill have 1 WISP as well after. So, if you own XSPEC you will also own WISP.
XSPEC will endeavour to work with WISP and explore the possibilities of listing WISP alongside
XSPEC if we can get the exchanges to work with us in the upcoming network split. This would
mean that your WISP balance would reflect your XSPEC balance. This remains to be confirmed.
The specific date for the fork / network split will be announced once it has been set. XSPEC will
work with WISP to ensure that there is no network disruption and that you will get your WISP
balance based on your XSPEC balance at the time of the split. This is in some ways similar to the
split that happened with Bitcoin / Bitcoin Cash.
We will also shortly seek to hire further team members for different functions. This will be
announced in the new official XSPEC Discord channel.