Hi everyone!

I just wanted to update everyone as its been a little while and there have been several updates in the Quark landscape recently.

First of all, the Quark Android Wallet was updated by Hashengineering on June 21st - check it out here:

https://play.google.com/store/apps/details?id=hashengineering.quarkcoin.wallet&hl=en


Secondly, BTC38 has elected to shut down their entire BTC trade pair section as they felt that there is too much volatility with BTC as well as the uncertainty related to a potential upcoming hard fork per their communication - HOWEVER this has now meant that Quark and the other coins in this section have now been moved to direct trading vs Chinese Yuan (CNY; http://www.btc38.com/trade_en.html?btc38_trade_coin_name=qrk), which has played a role in the recent price rally we've seen.


Lastly, after a couple of setbacks, we now have been working with the pacatum coding group (http://btc.pacatum.com/) and they have worked diligently to complete the lions share of the coding related to the coming update which will change Quark from POW to Hybrid POW/POS. In addition to this, they have also included masternodes into this codebase update! The code has been submitted to our github (https://github.com/quark-project/quark) and is now currently in testing. I will keep people updated in the coming weeks regarding the progress on this, along with the a timeframe for the planned hard fork which will be required to complete its implementation. Importantly, this update will change the inflation rate in order to adequately pay the various stakeholders in the ecosystem - ie. miners, stakers and masternode holders, and will add a development fund. Although not yet fully delineated, the likely breakdown will be approximately 1.5% POW, 1.5% POS (split between masternodes and POS stakers), and 0.5% development. These values are approximate and I will also update once these are finalized.