Building Foundations.
Progress continues on the Bitcoin Core update and our improvements to the Throne/Masternodes system. We expect work on the core update and service network improvements to continue throughout November with testing and release anticipated to happen in December 2016.
Service Network Growth.
The number of Thrones operating on the Crowncoin network grew to a record high of 276 in the last week. If you own 10,000 CRW we encourage you to operate a Throne to help us achieve our long term objectives. At current spot price a Throne generates about 20 USD profit per month after your hosting costs are deducted. If you need help setting up a Throne please ask on the BCT thread or contact Chaositec to take advantage of his excellent Throne hosting service.
Rebranding.
Crowncoin is to be renamed Crown to formalise the change in direction since it was launched in 2014. Defunctec and Crowncoin Knight will be leading this work and engaging the community separately. The decision has also been made to abandon our European centric theme while being sure to acknowledge and remember the origins of this project.
New Team Member.
The Crown core team has been joined by Urban Idler who brings with him a successful career in the US equity markets and a clarity of mind that is already helping the Crown team develop our future services. Being able to attract the likes of his talent and expertise is an honour for the Crown team.
Introducing Crown Revolution.
The Crown team are excited to announce Crown Revolution, a programme of work that is expected to begin in Q1 2017 and complete in Q4 2018.
Crown Revolution is a series of revolutionary releases that we believe will reshape the future of blockchain
Over the last two years, Chaositec, who is the architect of the concept, has been refining his vision and our preparations have reached the stage where the delivery phase can begin. We're delighted that the Crown network is where Chaositec's vision is going to be realised. Crown Revolution will be delivered in two stages.
Crown Revolution Stage 1
Crown Revolution Stage 1 will be a game changing improvement to the network. Currently, the vast majority of blockchain projects are secured by either Proof of Work or Proof of Stake. The Crown team do not believe that these two methods are the future of Blockchain. We have a third way.
Crown Revolution Stage 2
Crown Revolution Stage 2 will see the implementation of a solution to the blockchain block size problems and transaction volume limits that conventional blockchain technology is susceptible to. Stage 2 will also provide an API that will allow developers to deploy services using Crown Revolution.
Programme Approach
A series of reports and white papers will be written to explain the rationale and method behind the Crown Revolution vision and milestones. The release of these papers will be carefully timed to minimise the risk of losing our first mover advantage.
In addition to these reports and whitepapers we will continue to provide detailed updates as regularly as we have have something to share.
The team will choose a lightweight management methodology to use during the course of the programme of delivery. This will be announced at a later date.
In order to make this a success we need a strong community behind us and we recognise how essential regular open and honest communications are. This is a two year programme of work. There will be breakthroughs and setbacks and we need you with us all of the way.
We remain indebted to you for your support so far.
The Crown Team.
One must reread this post for it to truly sink in.
Most important info in red
I'm so happy and glad to hear in your update that crown coin little by little is establishing a good community here in crypto world. And its grateful to me that the team of the crown accepted me in the campaign though on my first week of posting I failed but this week I will be more care and double check the rules you have in your campaign.