Graham, d5000, muf18, thank you very much for your insights and your thoughts about the future development of Slimcoin. Very interesting!

Until now, I didn‘t realize that SPV wallets are impossible to implement for UTXO blockchains with proof of stake. But unfortunately it makes perfect sense. Too bad, because if adoption of Slimcoin grows, people would expect a „slim“ lightweight wallet of „Slim“-coin.

Thinking about it, even worse, probably SPV wallets are also impossible to implement for UTXO blockchains with proof of burn like Slimcoin, right? You need the history of all burn transactions to verify a block. Is that correct?

Summarizing, what you’ve said about updating Slimcoin‘s code, we will either be capped at core v0.9 or face a lot of development work which equals the creation of a new coin by forking the codebase of an existing codebase, right?

So unless we accept to live with the codebase of v0.9 we would have to create a new coin. I personally wouldn‘t mind this, if it involves some mechanism to migrate Slimcoin‘s balances to the new coin (think „airdrop for Slimcoin holders“). At this time we don’t really have to bother about existing exchanges that already list Slimcoin.

If we go that route, I would suggest to pick a new coin as codebase, that is actively developed and could be easily modified to include Slimcoin‘s proof-of-burn mechanism and the web2web code. A codebase that would allow for lightweight wallets would be even better (but probably that’s not possible).

Any thoughts?