Read my reply months ago, before IPO and you will find me asking for more info on the algo and white paper - reason was to see what sort of technical solutions devs had in mind for the problems they wanted to solve, it became clear devs were not going to release an exact or specific outline of their algo and I bought in anyway. It now appears that there WAS NO defined algo at the time, only an idea of what the algo should accomplish.
They did have a working algo for the PoT. It worked just fine as long as there were not more than 50 nodes up. Once there were more than that, a scaling issue surfaced.
That resulted in most of the nodes not getting any forged blocks, and the nodes with the least latency were getting lots and lots of generated blocks. There were also forks and "forks of forks" as the longer latency nodes were not updated quickly enough. Many transactions showed as confirmed, but were never received, including 1200XCR I sent to my windows wallet/node from Cryptsy (which still has not arrived and not shown in the balance on Cryptsy).
They then reworked the wallet/node to correct any forking at every block, but it did not fix the scaling issue. Several fixes were tested, but were unsatisfactory. Now we have hired a programmer who is very experienced in altcoin programing to write the algo, incorporating the PoT, PoI, PoP, and PoS in the algo.
As a temporary fix, and to get the network up and running, we are now using a random method of picking forgers, just like NODE.