Quote from: numuscrypto on November 14, 2018, 04:49:01 PM

1. We have some really good news, weve finished testing the update - new version works generally without any significant problems. It was a long way during which we achieved the main goal - saving the current blockchain without resetting or swapping coins into a new network.
2. We have upgraded to a much more recent version of the base code, in which all known vulnerabilities are fixed to date.
3. After lengthy discussions, it was decided to suspend the POS generation of coins in favor of the POW consensus. The decision was made since we believe that you need to have the significant computing power at your disposal to ensure the security of the network and not just the ability to buy a large number of coins, thereby gaining considerable control over the generation of new blocks (51% attack analogue). In this, use of available for rent or nicehash-compatible algorithms also doesnt seem to be a reliable idea, so we decided to change the mining algorithm.
4. New algorithm - we are pleased to present you a new exclusive algorithm DEDAL. This hashing algorithm was developed taking into account the realities of today's cryptocurrency market. The main goal was to create an ASIC- and FPGA-resistant solution that would protect the network against 51%-attacks or just a significant dominance of certain miners with a small amount of mining equipment. The algorithm is based on the idea of multiplying hashing by different algorithms in a random order. This idea was originally implemented in the rather popular x16r algorithm, but as you may know, the feature of this algorithm is the "non-fixed" mining hashrate. We have tried to change this feature in conjunction with complicating the possibility of mining the DEDAL algo on asics or FPGA. The number of passes for obtaining the total hash is not fixed and depends only on the difficulty modifier of one or another algorithm that was used for hashing before the next pass. As a result, having reached a certain "difficulty", the calculation of the block hash is deemed to have been completed. After a while, we plan to make an additional algorithm modification in the case of the slightest hint of the network attack possibility.
5. Nvidia miners will be available from the moment of the release. We will also try to help several mining pools to prepare for the release.
6. The block time changes from 45 seconds to 1 minute, taking into account the new way of recalculating the difficulty, we expect a smoother blocks generation time.
7. Economic and emission changes:
- The masternodes collateral will be increased to 50,000 coins. It may be unpleasant news for current node holders, but we urge all those who hold a small number of nodes to use shared masternode services when it is impossible to purchase additional coins for the full node.
- The block reward will be increased to 50 coins per block during the main phase of mining relaunch 2.0. I urge you not to forget that all the coins in the new release will be generated with mining and paid with electricity, unlike the POS coins.
- Masternodes will receive 70% of the block after grace period.
We hope that these changes will refresh the attractiveness of the coin for both miners and masternode holders.
8. Upgrade procedure - after block 655000 network will be forked to service network and necessary procedures will be applied to upgrade for new codebase. We expect that it will take not more than 24h. After that all updates will be uploaded for public access. Please keep in mind that all transaction and operations in "old" network after block 655 000 will not be saved, so dont make any operation after that.
More detailed current block reward scheme:
Hard Fork block - 655 000 (near 21-22nd of November)
Service window - 655000 - 657000 : 0.5 NMS per block
657000 - 660000 : 70 NMS per block (MN reward will be 30% of the block - 59 miners / 21 masternodes)
660000 - 665000 : 50 NMS per block (MN reward will be 40% of the block - 30 miners / 20 masternodes)
665000 - 670000 : 50 NMS per block (MN reward will be 50% of the block - 25 miners / 25 masternodes)
670000 - 685000 : 40 NMS per block (MN reward will be 60% of the block - 16 miners / 24 masternodes)
685000 - 700000 : 30 NMS per block (MN reward will be 70% of the block - 9 miners / 21 masternodes)
700000 - 750000 : 20 NMS per block (MN reward will be 70% of the block - 6 miners / 14 masternodes)
750000 - 800000 : 15 NMS per block (MN reward will be 70% of the block - 4.5 miners / 10.5 masternodes)
800000 - 1000000 : 10 NMS per block (MN reward will be 70% of the block - 3 miners / 7 masternodes)
1000000 - 1300000 : 8 NMS per block (MN reward will be 70% of the block - 2.4 miners / 5.6 masternodes)
1300000 - 2000000 : 5 NMS per block (MN reward will be 70% of the block - 1.5 miners / 3.5 masternodes)
2000000 - 3000000 : 3 NMS per block (MN reward will be 70% of the block - 0.9 miners / 2.1 masternodes)
3000000+ : 1 NMS per block (MN reward will be 70% of the block - 0.3 miners / 0.7 masternodes)

Nice to hear about the update, however what are the plans for Numus after this update?