Quote from: xwebnetwork on July 31, 2018, 04:54:26 PM

Radium Update #44: Partnerships, Hard Fork Details, Team Expansion, Legal Status, The Present, The Future, and More!

URL: https://blog.radiumcore.org/radium-update-44-partnerships-hard-fork-details-team-expansion-legal-status-the-present-the-d5c79b69f09f

Good news! We have finished testing the new hard fork code, and have set the fork block 1655000. We should reach this block on or around Aug. 29th, 2018. The fork implements the following changes:

Creates a development subsidy to help fund continued development. An additional 600 coins per week will be deposited into a 5 of 12 multisig address
Adjusts block reward to 0.5 for the first year, with a 3% annual decrease
Enforce the 9,000,000 hard cap, which will be reached in 27 years.
Increase new coin confirmation time from 60 to 120 blocks
Adjust block speed from ~63 seconds to ~60 seconds.
Various housekeeping changes including updating checkpoints and logging.

Unfortunately, we were caught off guard by Poloniex announcement that they will be delisting Radium. We were not informed beforehand, and we do not know what criteria Poloniex uses when making these decisions. While this is unfortunate, it has no impact on the level of commitment from the development team. Please withdraw all your tokens from Poloniex before the delisting deadline. We continue to be listed on Bittrex, with whom we have maintained open channels of communication.

Our lawyers are finalizing the legal memorandum required by Bittrex in order to remain compliant with current SEC laws and guidelines. It is our understanding that the legal team has strong arguments that support the position that Radium is NOT a security, and thus is not a liability for Bittrex.

With completion of the wallet hard fork, development of the SmartChain GUI is now in full swing. Once complete, the GUI will include both the Radium Core wallet, as well as the SmartChain in one application. All the major wallet functions have been completed, and work is now progressing on the SmartChain portion of the GUI.

Furthermore, with the development subsidy in place, we will be setting aside a portion of generated proceeds for team expansion. There are a number of positions to be filled and we will begin accepting applications within the next week. Our job board is being finalized now and an announcement will be dispatched accordingly.

And of course, wed like to touch upon some of our plans for the future, namely business relationships. Radium is at heart a token based utility and weve been working with several companies to deliver the functionality that Radium and the Radium Smartchain promise. So without further delay, we are very pleased to announce a partnership with the law offices of McIntyre, Donohue, Accardi, Salmonson, and Riordan, LLP. Based in New York with 7 locations throughout Long Island and the suburbs, MDASR is one of the oldest, most successful Workers Compensation law firms in the United States. Employing over 65 individuals across several states, MDASR has chosen to utilize the Radium SmartChain in its endeavors and we are very excited to bring our platform to the forefront of the legal industry. Of course, both Radium and MDASR will divulge more information over the coming weeks so please stay tuned!

As always, we thank you for your continued support as we strive to push the boundaries of cryptotech. Our priority is to always deliver a sound, feature filled product that you can enjoy and utilize to enhance your ventures. We are always here, eager to help so should you happen to have any questions, comments, and/or concerns, please do no hesitate to let us know!

Sincere regards,

The RadiumCore Team

Great news! Looking forward for more!

DejwidK

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