Friends, the recent closing of withdrawals on CB was connected with the attempt of the 51% Attack on our blockchain for the purpose of double spending to do much harm to a coin and work of the platform. But together with the exchange we successfully reflected this attack. As you can notice, sometimes there are no blocks for a long time. This is consequence of attempts of such attacks. For prevention of such attacks we made together with CB decision of temporarily increasing of the confirmations to 100 that will help to reflect such attacks in the future.
We understand that 100 confirmations are too much, therefore we made the decision to implement PoS. In December we will begin active tests and if they will be successful, in January we will implement PoS for GTM coin
At first we were dumped by miners, after reduction of the rewards dumps were stopped and we began to grow, but malefactors continued their work. It is economically inexpedient to carry out such attacks on our coin, however they continue to do it. And not for the purpose of enrichment, but with the purpose to do much harm to a coin and platform. And you know who does it. But we do not throw up our hands, we continue to work and move towards the goal, we do not leave our coin. Within 3 months we became the biggest platform in the world, and it's only the beginning of our way and one of the directions of our work, our team has big ambitions. Such problems only bring together our team, community and investors. Such moments do us only stronger. Thanks to all who believes in us and supports us.
P.S. After PoS implementing we will continue to negotiate with larger exchanges when such attack won't be able to do much harm to our plans any more. Also after opening of the trading on Cryptopia we will add a feature for an autoconvert of your GTM coins direct to fiat equivalent on the card. According our infornation trading on Cryptopia will be opened in 1-3 weeks