We made away with DPOS, forked the clean source, added checkpointing and hardcoded seednodes into the source. Block explorer and wallets had been delivered by the time of launch as well, we have recompiled the sources and set the new block explorer when a course of action to be taken to remedy the network rewards was needed. Deposits and withdrawals are working perfectly, no issues related network stability have been arose.
We eliminated the DPOS stage and set 60% annual POS to match the total network coin amount and solidify and further backer's interest. Given the current block time, transaction confs are pretty fast though. Somebody keeps questioning us how is our extension ethical. We don't see how is it ethical to churn claims out by thousands when your ambitious assertion does nothing with the reality. Everything that has been done has took its place. Comprising the amount of efforts we put on the line, fairness and reasonability for that extension should not leave a seed of doubt. We properly served on the issues and fixed the network. We're looking forward to bittrex and cryptsy addition, and will contact them as we deliver an announcement of the tech being ready for testing and using in production.
About all things Blockchain OAUTH related. OAUTH will progress to large scale testing. We're making final preparations before bringing the gateway out, and will be the first party to integrate the working implementation into 20 media content promotional sites and our affiliates. As industry has heavily improved over the years and twitter, being one of the largest OAUTH monopolists has probed rev. 2 authorization network and now unofficially supports 2.0 - for aps only, we'll expand our list of the candidates applying for integration and evolve much more practical uses of OAUTH tech. To achieve sharing of the web resources and facilitate much broaden distribution of BlockchainOAUTH network, we'll encourage simple integration by paying domain and site owners, and everyday media hosting platforms. Thereby they guarantee the formal startup promotion along with growing audience's initiative and willingness to consolidate which is necessary.
We'll purchase 20 domains. These will be the first sites utilizing the BlockchainOAUTH tech and will be equipped with comprehensive merchandising tools and news feeds, including technology, branding, television, video streaming, and deploy a separate social network focused on vlogging, music and video production and much more auxiliary features. The ultimate social network will serve the purpose of expanding the OAUTH tech into social media advertising space for high traffic growth websites. This to help us to accelerate the popularization process and hook up with many standalone sites which ever to reach few hundred thousands weekly visits and are likely to take part in enhancement of the current OAUTH mechanisms by joining us on this technology road.
Investors purchased $VERSA with a set upon closing time and date in mind, that you had publically posted on the front page of your ANN. After you had their money, you extended the closing date, thus allowing more coins to be purchased, thus reducing the marketshare of everyone who had previously bought $VERSA. So in short, all of us initial investors received less marketshare for our BTC than we were told we would be getting when we bought (as told through basic math and the ICO countdown). You really can't weasle out of this, mate. Extending ICO dates is fine, but doing so without offering refunds is essentially robbing your intial investors of the marketshare they had intended to purchase. Shame on you and Yuriy.