Status Update

http://i.imgur.com/RPRYAoP.png Hi guys! Hope you're having a great weekend. Just wanted to put down some thoughts and updates for you since we've been in and out of the 'office' this weekend. Successful transition to our temporary zero-reward PoS period ocurred, but if you missed the PoW period we're now listed on C-cex and Coins-e.

http://i.imgur.com/RPRYAoP.png The anticipated proof of stake issue summarized in development update #2 is in the works of being fixed, we'll provide more lengthy updates throughout the week but we've begun overhauling of the ppcoin codebase to clean up the entire backbone of the network. Thank you for your support of the coin by staking even during this zero reward peroid, we've purchased some more Vault from C-cex to add to the staking supply to speed up the network as we're aware it's a little slow currently.

http://i.imgur.com/RPRYAoP.png We're looking into pushing a quick fix to reduce min coin age for staking to also speed up the network, but hopefully this won't be necessary by tomorrow. We will see how that goes.

http://i.imgur.com/RPRYAoP.png With the proof of stake fixes we're also preparing the primary details of VaultNodes for integration into the main codebase. Currently, we're not sure whether staking will begin with straight PoS or VaultNode PoS, but as the week passes we'll be able to consolidate a more clear idea of a timeline for the work we're aiming to implement. As a quick synopsis, VaultNodes are a system that utilizes cryptographic commitment to supporting the network for a specific period of time, in exchange for an extended type of reward. We'll be releasing further details as soon as a timeline (or a light at the end of the tunnel) becomes apparent.

Once again, thanks for your patience and support of Vault.

Thank you.