1. The team has implemented Cuckoo Cycle PoW mining and now polishing & testing it.
2. They have hired more skilled Erlang developers (at least one of them, some rockstar, don't know his name yet).
3. The team is pushing it to finish "dumb blockchain" sprint soon, which means working blockchain, very basic one, but working.
Enough for now, ladies and gentlemen.
POW mining algo is CPU based in case anyone was wondering.
Was hoping POW algo would be more GPU or ASICs friendly.
Just a heads up, this is going to attract botnets to mine, every CPU POW coin has this issue.