Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BWK] BULWARK | NO ICO | Masternodes | Accelerated PoW | Seesaw PoS/MN
by
Ferminer
on 21/04/2018, 13:48:25 UTC
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.
Super! I fully support the decision of the team.