September 27th Weekly Terracoin Update — Lawyer
Current TerracoinCore Version: 0.12.2.4 — Date Released: 7/19/18
The multi-signature address for funds for the crypto-lawyer has been set up! Abettorpin spear headed the effort to get the proposal in, and get it voted on! This means that we now have 10,000 TRC to pay for a crypto lawyer to help us incorporate as a 501c6 corporation. I have talked a lot about multi-signature wallets, and basically, what they are is an address that more than one person can control the funds in that address. In this instance we set it up so there are 5 signers and 3 of those signers need to agree to send the money. It makes it a more diplomatic address option. Once we find a lawyer, 3 of the 5 people need to agree to hire that person for the funds to go out.
This is all easily done through TRCpay (https://terracoin.io/trcpay/) and if you want to take a look at the actual address in action (or donation to it) you can see it here on the blockchain: https://insight.terracoin.io/address/3QoZjhc1xfEpMf3s3QLAkDmqHKww2k9h24
We still have more voting that needs to be done! Make sure to vote on getting us on this wallet! https://freewallet.org/vote. Go to the link, scroll down, or search until you find Terracoin and vote. It only takes a second and it helps grow Terracoin.
Speaking of voting, sadly, we didn’t win the most recent round of masternode battle voting. We got close but didn’t end up winning.
I just wanted to say how impressed I was with how the community came together to get us to the 4th round of the masternode battles. It was incredibly awesome to see the votes rolling in and how supportive everyone was! Thanks again to Kristen Colwell for hosting the masternode battles!
New Masternode Owners
In the past week or so we have had a large increase in the number of masternode owners! Welcome! Also, don’t forget to vote on the proposals and comment on the discoveries. Anyone in the community can put in a discovery or a proposal but only masternode owners can vote on them. Make sure you take advantage of the opportunity to influence the future of Terracoin and helping the world!
TheSin has been making striking progress on version 0.12.2.5 of the wallet. He has been communicating with the upstream branch of the AuxPow code to make sure that our code has the most robust version. Because of that open dialog he has worked out a way to soft fork in some BIP9 changes that are needed to make our blockchain more secure and stable.
Like all technology, Terracoin is always going to be changing and innovating. TheSin has really made it his top priority to make sure we are always on the cutting edge. Thanks, hombre!
Terracoin Team Pay Proposal 2nd Year
I just put in the second year of proposals for the Terracoin Foundation Team pay. Check it out and vote with your masternodes so we get a token payment! We really appreciate the support we have gotten in the past year and we look forward to guiding TRC going forward!
I think you have heard enough from me tonight, so check out the discoveries and proposals below.
Always keep your local clients and masternodes up to date and have a good weekend!
One month ago, we were at 0.00001147 BTC (.0791 USD) and today we are at 0.00001475 BTC (.0991 USD).
A year ago, we were at 0.00005969 BTC (.2495 USD).
We are ranked 681 on coinmarketcap with a market cap of $2,273,312USD. Last week our rank was 424 and our market cap was $6,279,359 USD.
As announced in last week’s Weekly update the numbers were an anomaly.
Terracoin Foundation Masternode Donations
Mattermost (This is The Terracoin Foundation’s primary forum)