SUQA: Route Planning Update V2

SUQA: Route Planning Update V2

Today, we are pleased to introduce a new and updated version of our roadmap. The changes we have implemented will ensure that SUQA runs smoothly and will increase use cases and benefits for the community and the entire ecosystem.

1. We will make structural changes to make it easy to prepare our legal documents, so that this will not only strengthen our legal position but also make it easily acceptable in the eyes of the government and financial institutions.

2. Proof of Work (PoW) is very important to us, and miners are our valuable assets in securing the blockchain. In this regard, we are announcing a brand new algorithm called X2Xi. For security purposes, the actual name and details of the new ASIC and FPGA resistant algorithm will be released later.

3. We believe that all wealth created on the SUQA blockchain should be equal, so we are reducing the development fee from 9.09% of the block reward to 1%. (We aim to reduce this fee even more in the future to minimize the impact on the price, but we have to pay legal fees and wages to our content creators and developers.

4. Since the ecosystem will not have 2.5% rewards in the future, the SUQA Foundation will pay 1 million SUQA to the platform for 3 months for adjustments and let the platform work independently to cultivate people looking for jobs in the blockchain industry.

5. The total supply and new stable and more profitable block rewards will be released before the hard fork in March 2019.

6. A completely new investment and interest system will be implemented, called SUQA Infinity Nodes, or SIN (High Interest Rewards with Controlled Inflation). We would love to provide details about SIN, unfortunately we want SUQA to be the first to use this new invention and prevent other projects from copying it. Also for security reasons, the details of SIN will be announced a week before the hard fork. All we can say is that in order to participate in SIN you must own at least 100,000 SUQA, so everyone has time to lock, mine, invest and wait.

7. We will provide 20 million SUQA to our wallet developers, so no one can or will accuse us of using funds in the future. We will not touch these funds even if we participate in SIN. (We will provide the community with all the details about the developer wallet spending so that we are 100% transparent and open to all communities and investors.)

8. The SIN concept was born with the sole purpose of allowing our community to gain maximum benefits at the lowest inflation rate. SIN is not a masternode, it is a new invention we created to not only attract new investors, but also to allow them to gain more benefits at the same time.

9. The SUQA Foundation Ecosystem Platform will only serve as Cryptolancers, so we will collect everything under the Cryptolancer umbrella to bring it all under one roof.

10. Asset creation is another tool similar to normal asset creation with few tweaks like more flexibility and sending options. Details on time-locked asset creation will be announced later.

11. The private network will be different from Projects Sia and Storj, with more than just data storage. As the project matures, details about the private network will be released later.

SUQA Whitepaper V2 will be released on the hard fork date. In order to give SUQA an advantage over other projects, we have prepared a series of solutions for the mass adoption of SUQA. We will implement our roadmap decisively and patiently so that SUQA can succeed. Here is the latest planned route:

1. In late January 2019, we started working with the KOMODO team on dPOW to prevent 51% attacks.

2. Implement a hard fork of the new x22i-resistant ASIC and FPGA resistant algorithm in late March 2019 , making graphics card mining more profitable.

3. SUQA Infinity Nodes, abbreviated as SIN (High Rewards by Controlling Inflation). A revolution in the crypto community. New privacy and anonymity for the SUQA chain. Launched in late March 2019.

4. Sign a new legal team partner. Late March 2019

5. Unique e-government. Mass adoption. Full democracy and decentralization with voting and deadline. Hard Fork in late November 2019.

6. Time-locked assets creation. Late November 2019

7. New innovation: Decentralized data management for private networks (similar to Project Sia, but with more flexibility and features). Q2 2020 Hard Fork.

<<:  Bitcoin enriches BTR coins, a new virtual currency in the Monero series. Both CPU servers and graphics card mining machines can mine, and CPU servers are the main force!

>>:  The darkest moment for miners: Losses as soon as the machines are turned on, will Iran, where electricity costs less than 0.1 cent, be a way out?

Recommend

What does the fate of beauty mole represent?

What does the fate of beauty mole represent? 1. W...

Why Circle’s “conversion” to Bitcoin isn’t what it seems

Rage Review : Circle announced this week that it ...

How can investors profit from Ethereum mergers?

By: Ben Giove, Analyst, Bankless Compiled and edi...

Men with good fortune and a happy wife are not to be missed.

If a woman can bring good luck to her husband, a ...

Full text of speech by ECB Executive Board member on crypto risks and regulation

170 years ago, Americans crossed the border and p...

What moles on a woman's face indicate a romantic relationship

In fact, we all know that moles are not just smal...

Does a woman's broken palm line affect her fortune?

The characteristics of palmistry can affect the d...

A woman with thick eyebrows

A woman with thick eyebrows The thickness and thi...

How will the on-going NFT shake up the crypto world? - Lieyun Finance

There is still a long way to go! Produced by | Li...

EOS voters will share Token inflation rewards

On January 20, 2018, Sam Sapoznick was appointed ...

People with these facial features are your destined benefactors.

In life, it is difficult to succeed by relying on...

Is it good for women to have moles on their chins?

In mole physiognomy , some moles on the face can ...