A new SilkCoin wallet was released a few days ago, and some more details about the future of this cryptocurrency were announced. The second Proof-of-Work phase of this coin is getting closer as well, so let’s take a look at what’s new.
First of all, there were a few people in the SilkCoin community who really wanted to remove the second Proof-of-Work phase, because that could lead to another mass dumping and price decrease. It would also mean the coin has to be hard forked.
The SilkCoin developers countered this argument, and will stick to their original plans. A second Proof-of-Work phase doesn’t have to be a bad thing per se, but we will see if this second phase will influence the prices in a positive or negative manner.
As far as the plan for SilkCoin’s future goes, it has been decided that there will be a major focus on marketing the coin. Until block 50,000 of the Proof-of-Work phase, SilkCoin should be able to self-promote without too many issues, before an extra push might be needed.
In regards to SilkCoin’s development, we can expect weekly updates in order to improve user experience, and , if needed, removing functions that have become obsolete. New features will be added as well, so this should balance itself out.
Because the team of SilkCoin developers is satisfied with the current distribution method, they will start looking into other aspects of SilkCoin. New uses for the blockchain, marketing (as we mentioned before), and more will be announced at a later date.
As far as the transaction anonymity features go, the SilkCoin team will keep a close eye on future developments in other coins, and integrate the best fit option into SC. A smart approach if you ask me.
A new version of the SilkCoin wallet has been released, with improved market data, and the addition of an orderbook. Trading will be available in a future update as well. There’s also a social tab, with a built-in IRC client.
There is also a very interesting read about SilkCoin’s ecosystem in the future, talking about BitTorrent and blockchain integration in order to create a true decentralised system. More details about this topic can be found here.
SilkCoin remains a very intriguing cryptocurrency to keep an eye on, as the developers do have some solid ideas which I’d love to see come to fruition.
SilkCoin donations are welcome to : BEscjsaNqDcBK8MMwkH3AX4c7nFKDQWCqx