In an unexpected series of events, today it was announced in the official Mazacoin (MZC) thread, that a new development team is in place and that many technical improvements are now in the works for the struggling cryptocurrency.
The new team plans to build a hosted block explorer and to publish a wallet update to resolve client syncing issues. The next phase will involve a fork that will reduce the block reward and thus reduce the originally projected coin totals. MaxCoin performed a similar fork back in late March of this year.
The fork will have 100% approval by (coin founder) Payu Harris, but before it happens we need to fix a few issues. In the coming days we will release an updated wallet that solves syncing issues and host a working block explorer.
It’s uncertain exactly what the current coin supply is because of the broken block explorer. But the numbers being reported by Coinmarketcap.com are certainly not accurate (thus the red coin total color). When the new explorer is brought online and this number is updated to reflect the actual coin count, the currency’s market capitalization and ranking should jump several spots.
With the combination of a strong marketing campaign by Payu Harris, a new development team, and the block-reward reduction fork, the community is hoping that Mazacoin can pull itself back from the brink of collapse.
Mazacoin (MZC) is the first sovereign national crypto-coin in history. MazaCoin hopes to create an economic foundation upon which the traditional Lakota Nation can build lasting wealth and prosperity for their people.
Do you believe that these new steps can save the troubled cryptocurrency? Log in below using your favorite social network and weigh in on the discussion.
