It has been far too long since we checked up on Singularity. Even though this digital currency had a fairly decent launch, a community takeover followed swiftly after the original developer showed no further interest in the project. Let’s see what they have been up to!
One of the first things that needed to be done, was hard forking the original Singularity code. The most noteworthy changes include a reduction in block reward (16 compared to 32), faster block reward halving, and the removal of superblocks (I like superblocks! :<)
A lot of active development has been done since the takeover, as Singularity protects user privacy because of the Tor implementation. The MCMA System (Miner’s Choice Multi-Algorithm) is still in place, so you can choose to mine through Scrypt or X13.
It took a while before all pools upgraded, but that seems to be taken care of by now. BitTrex has already reviewed the new source code, and re-opened the Singularity trading market a few days ago. Everything is looking good so far!
As of right now, there is no official word on what the future will bring for Singularity. But we will keep a close eye on the situation and keep our readers updated as we receive more information.
Singularity donations : SNKnxT7jnatNRwBFUxaNBdEZRqB1L4WLaN