Post
Topic
Board Announcements (Altcoins)
Merits 1 from 1 user
Re: [ANN][BWK] BULWARK | NO ICO | Masternodes | Accelerated PoW | Seesaw PoS/MN
by
Eatbatterys
on 14/04/2018, 21:01:58 UTC
⭐ Merited by bones261 (1)
After much deliberation the Bulwark team has decided that going forward we will be moving to Proof-Of-Stake. Please see the attched blog post for our thought process:

https://bulwarkcrypto.com/bulwark-proof-of-stake/

We thank you for your patience and understanding


Q: Is PoS activating 6 months from now?
A: Proof of Stake is activating 6 months from the launch date. So around another 2 months on block 172800 (Approximately June 6th, 2018.)

Q: Is mining still possible?
A: Yes, mining is still possible up until block 172800.

Q: Will we need to update wallets/Masternodes?
A: Yes, we will provide a new wallet and update the Masternode script when the wallet is ready.

Q: But the vote said an algorithm change was going to happen.
A: This vote was not a guarantee that any particular choice will be implemented by The Bulwark Team. It was a means to gauge community interest in each option to be taken into consideration while we discussed internally.

Q: Are the block rewards changing?
A: No, Block rewards will stay the same, but the see-saw reward system will activate on block 172800.

Q: What % of rewards will I expect during Proof of Stake?
A: There is no way to accurately calculate your rewards until PoS activates. It depends on how much is locked up in staking, and how much is locked up with MN's.