Hello everyone,
First of all, we are glad that you are here and that you are a part of the GLT Community.
I just want to give you a short overview what is planned and what is happening in the background.
1) Android Wallet: Yes, it is still in progress, but it is harder then expected. The problem is that there is no existing Equihash / Zhash implementation for Android / Java, thats why it's delayed.
We are working on it. We keep you updated.
2) Lots of requests about the Whitepaper: We will work directly after the Android Wallet on the Whitepaper.
3) Core Upgrade: A Core Upgrade is planned with the integration of network hashrates for all algos. It will get some more fixes like Initial loading speedup and we will merge Bitcoin Core Code up to 0.18 into GLT.
4) Masternode Quorum: Maybe some of you noticed the DASH MN Quorum update, we will consider this upgrade as well.
5) Algo extension: We thought to extend multialgo from 30 algos to 60. You can suggest the algos, you want to integrate and we will consider them, if possible.
6) The AuxFork: With GLT 3.0 we introduced the Multialgorithm system and auxpow, with it's goal, to stop dumping and distribute the coins better instead to big mining whales.
Since some pools started merge mining for lots of algos, and are not paying out the coins, this goal has not met. More and more algos are unprofitable and miners stop mining.
That's why we thought about a next hardfork that will:
- Change the merge mining rewards. On merge mining Blocks, the Merge miner will get 25% and the Masternode 60% (Change of the reward distribution)
- A brand new feature will be coded, that will regulate the auxpow. For example if the diff is low, more merge mining blocks will be accepted, to keep the chain secure.
--> The target it to allow every fifth block only for auxpow per algo, that means that there must be min. 4 blocks mined normally, without auxpow until auxpow is allowed again.
--> The most Pools with merge mining are profit switching /yiimp pools, that are just selling the merge mined GLTs instead of fairly paying them out to the miners/workers. This is not the goal of auxpow.
More will be announced soon.
Cheers,
The GlobalToken Development Team