BUZZcoin 4.0 Core Upgrade
BUZZcoin 4.0 is the next evolution of BUZZcoin. This core upgrade will bring the BUZZcoin 3.1.1, that is still based on a very outdated Bitcoin code, to a modern up-to-date blockchain. BUZZcoin 4.0 features the long awaited and highly anticipated Masternodes.
This addition required the highly complex process of reverse engineering the BUZZcoin 3.1.1 chain. A shift to our roadmap was required due to this and other limiting factors. The primary advantage of this approach is that all balances on the existing BUZZcoin 3.1.1 chain will be untouched and seamlessly migrated to the BUZZcoin 4.0 chain.
Although there are various ways to proceed with a swap of this magnitude - due to limitations and regulations in the international territories in which we operate, the core team has determined that a core upgrade is by far the safest and most effective way for all BUZZ holders.
BUZZcoin 4.0 will be fully integrated into the BUZZcoin ecosystem. The much anticipated next step after upgrading to BUZZcoin 3.1.1 to 4.0 will be an opt-in only swap for Masternodes and wallets to BUZZcoin 5.0.
A mandatory timed locking phase will be required when swapping to 5.0. The majority of the locked coins will be burned during the swap with the exception of the coins on the Core Masternodes that are required as a foundation for the BUZZcoin network.
A noticeable difference in BUZZcoin 4.0 compared to BUZZcoin 3.1.1 is the feature of a circulating supply. All locked coins will be deducted from the circulating supply. After the coin burn is completed the current supply of BUZZcoin 4.0 will be much lower and POS-staking on wallets and Masternodes will continue at a higher ROI.