There is a new SilkCoin client update, and this is a mandatory upgrade, so we advise everyone to download the new version as soon as possible. So what’s under the hood of this new update? Let’s take a look , shall we?
The block rewards for SilkCoin’s next (and final) Proof-of-Work phase will be reduced, as a result of community feedback. The new block reward will grant miners 2.500 SC per block. This also means there will be half as many coins generated in this phase, compared to the previous one.
The total amount of expected coins after the second Proof-of-Work phase is also reduced, and will now be ~45 million SilkCoin.
There are other upgrades to be found in the client itself as well. Other than the fact the wallet looks even more beautiful than it already did, the market data tab has been updated and shows real-time BitTrex trading statistics.
A SilkCoin whitepaper is also in the works, but it will take a bit of time before this will be released. The system being developed by the SilkCoin team is very complex, and to write everything down in detail is not an easy task. More news about the whitepaper is expected soon.
Make sure to update your SilkCoin client before Proof-of-Work block 50,000, or you will run the risk of losing coins. The updated client is available for all platforms, and can be found here.
SilkCoin donations are welcome to : B8wfZx5jgXgz6v99FtTmuAwn6pH79cKgFC