Re: [ANN] [ARO] | Arionum | CPU | PHP Based | Decentralized Revolution
Some information about the upcoming Arionum updates:
- There will be a hard fork at block 80.000 which will update the mining system and will implement the alias system.
- The development has been finished on both mining and the alias system. Currently they are undergoing tests.
- The mining system will be changed to a hybrid mining system in which 1 block is given to CPU miners, 1 to GPU and 1 to masternode staking.
- Masternodes will be implemented starting block 80.000
- To create a masternode you will need 100.000 ARO and you will lock those funds as colateral for minimum 3+1 months.
- The masternodes will be winning blocks based on a Proof of Stake system.
- There is no limit on the number of the total masternodes.
- The masternodes will be used for the project governance and for taking decisions regarding the Arionum blockchain. For example, voting for new features etc (implemented at a later stage)
- The masternodes will be used for handling asset transactions (implemented at a later stage)
- It's possible to implement some sort of sidechain for much faster transactions using the masternodes, at a later date.
- We have implemented a bootstrapping feature to have the nodes do the initial sync much faster.
I smell desperation.
Aro is a fine project, but still lacks some of the basic features of a successful coin. There is no linux wallet, the pool landscape is dismal... Why not fix that first?
The pride of the entire project so far was the CPU only mining. It even forked to prevent GPU mining. Now back to GPUs? Why?
Masternodes: statistically the coins with a masternode system do the worst value wise. Most drop over 90% within a short time, as whales start to frequently drop their 'free' coins.
Also, if someone could enlighten me about the 'masternodes will be winning blocks based on a Proof of Stake system'. So there is no limit to the coins you can lock into a MN, more coins improve your chance of winning?
Another way to read this announcement: The rumors about botnet mining are true and ARO desperately needs more (diversified) hashrate. Is that the case?