We, at Syndicate had a busy month in terms of development and future plans and that's why we want to share with you the following changes:


New specifications

Fixed block reward: 70% for MNs, 30% for stakers

from block 346000 to block 432799 - 9 synx per block - MN Collateral: 5,000
from block 432800 to block 519599 - 8 synx per block - MN Collateral: 10,000
from block 519600 to block 606399 - 7 synx per block - MN Collateral: 15,000
from block 606400 to block 693199 - 6 synx per block - MN Collateral: 20,000
from block 693200 to block 779999 - 5 synx per block - MN Collateral: 25,000

Once you start your Masternode with the 'Current Required Collateral', your Masternode STAYS RUNNING when collateral increases. If you stop your Masternode and you don't have the same TXid, you will need to have the Required Collateral.


Notable Changes

- Fix wrongly displayed balance on Overview tab
- Fix listtransactions RPC function
- Switch to libsecp256k1 signature verification
- Resolution of excessive peer banning


!!! Mandatory Update

Syndicate Core 2.1.0 is a mandatory update for all users. This release contains new consensus rules and improvements that are not backwards compatible with older versions. Users will have a grace period of 4 days to update their clients before enforcement of this update is enabled.


—-How to upgrade your wallet—-

If you are running an older version, shut it down. Wait until it has completely shut down (which might take a few minutes for older versions), then copy over syndicate-qt.exe (on Windows) or /Applications/Syndicate-Qt (on Mac) or syndicated/syndicate-qt (on Linux).


—-How to upgrade your Masternode—-

- Log on to VPS with putty
- syndicate-cli stop
- wget https://github.com/SyndicateLtd/SyndicateQt/releases/download/x2.1.0/Syndicate-2.1.0-linux64.zip
- unzip -o Syndicate-2.1.0-linux64.zip -d /usr/local/bin/
- chmod 777 /usr/local/bin/*
- syndicated

Give it some time to get fully synced and then type 'syndicate-cli masternode status' to check if Masternode successfully started

Full Guide: http://synx.online/syndicate-update-steps.pdf

Wallets: https://github.com/SyndicateLtd/SyndicateQt/releases/tag/x2.1.0
Boostrap: http://209.250.239.190/bootstrap2.zip
Masternode Setup Guide: https://medium.com/@synx/masternode-setup-guide-6b2c085c6774