Progress Update.

14 May 2023, 16:07

📣 Progress Update 📣 We wanted to take a moment to update you on the progress we've made regarding the migration to a new blockchain for SCR coin. Here is a progress report on where things stand. 🌐 Choosing the Right Network: After careful consideration and evaluation, we have chosen the Cosmos SDK as the network to migrate. This decision was made after extensive research and discussions within our team, and we strongly believe it will pave the way for a more robust and efficient work. ❓ Why Cosmos SDK? The Cosmos SDK offers a wide range of additional solutions and modules within its ecosystem, which will provide numerous benefits in the long run. 🧐 Challenges and Considerations: Implementing changes of this magnitude requires careful attention and time, and we want to ensure we get it right. Our team has been diligently working and here are the top reasons to switch to Cosmos: 1⃣ Thorough Examination of Features: We have encountered some features that may not be fully supported by the our current blockchain or require in-depth examination before implementation. 2⃣ Outdated Code: Our current codebase, although functional, is outdated and needs significant resources to be updated. 3⃣ Long-term Maintenance Considerations: As our network's load continues to grow, it becomes increasingly challenging to maintain it effectively. The migration will alleviate these difficulties and allow for smoother operations. 🔼 Current Progress and Next Steps: Now, let's delve into the progress we've made recently: 1⃣ Vision and Approach Formation: We have completed work on formulating a clear vision and approach for the development of our new blockchain. This stage is crucial to ensure we align our goals with the results. 2⃣ Development in Motion: The development for the migration to the new blockchain is already underway. Our team is working tirelessly to make this transition as seamless as possible. 3⃣ Testnet Activation: The next step is to start the test network (testnet), allowing us to evaluate the performance, stability, and security of the new blockchain. We estimate this process will take approximately two months. 4⃣ Bridge Building: In parallel with testnet activation, we will commence the development of a bridge. It is challenging to determine an exact timeline for this phase for now, we will carefully test the performance of the testnet and draw conclusions accordingly. We want to extend our sincere gratitude for your patience throughout this journey. We genuinely value each and every one of you, and we are working tirelessly to achieve best possible outcome. Scorum 🌐 | Twitter | Facebook | Discord | LinkedIn | Cooperation