Copy Dev reply from discord:
@everyone
This update is not out yet. It is the initial announce for the update. - All alqo movement will be halted until we can deploy this update, for now:
Close your wallets. Wait for the update.
We are syncing everything. Will take a couple of hours.
Attention:
After our try to urgently fix the chain split issue due to not updated pools, masternodes, wallets etc,
we came to a solution, which will fix all problems once for all.
Some will not like this change, but this was the least worse road we could go. (Other options were : New Blockchain/Coin ; HardFork ; CoinSwap etc)
This way we can provide the least loss for everyone.
Solution:
We will from now on disable all other mining pools (and single miners) from being able to mine alqo, for the entire PoW phase from now on.
Our official pool will have 0% Mining Fees, and all current, clean updates. This will secure that no other chains can be created out of alqo.
This complete centralization of alqo, will only be for the rest of the PoW phase, so that this can be done without ANY further issues like:
Masternodes going missing, more sidechains or 51% attacks.
We believe that this way, we can provide the security people want and need for alqo.
Also this will be, hopefully, the last daemon update from our side. (Liberio is not a daemon update)
Once PoS starts, everything will become as planned.
Today was a black day in the history of alqo, and while we had a lot of problems and attempts to solve this, we believe that this is the only
real solution on our end. But we thank the community, for supporting us and newcomers that came today into alqo, that you helped them, explained the situation,
and kept a cool head. Thats why we would never leave you guys behind, and provide, a clean and smart alqo, which is from now on operated from our pool only.
We hope that you can understand this decision, and again, stand on our side to make a good cryptocurrency and a good start for Bitfineon this year.
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Sidenotes:
- We will do again a rollback to Block 225000.
- You will have to do a last update in your Wallet and self-hosted Masternodes.
- CryptoBridge and CoinExchange.io will be opened again once everything is updated. (ETA TBA)
- Not updated Wallets will no longer sync. - So make sure you update your wallets.
- Not updated Masternodes, will go missing. - So make sure you update your self hosted Masternodes.
- All masternodes will go missing, again, for a last time, ever. (Hopefully)
- Masternodes hosted on our Pool, will receive the update automatically. (You have to do nothing)
- If you are using hosted MN service, please get in contact with your provider on what you should do next. (i.e. alqomn.com)
- We will be moving our Mining pool to microsoft azure in order to make it more reliable, accessible and easier/faster upgradeable.
