WE ARE GOING TO START THE SWAP FROM OLD MRNG TO NEW MRNG ON JUNE 12th, 2018.
NOVAEXCHANGE HAS NOT BEEN UPDATED YET. WE WILL LET YOU KNOW OF FURTHER UPDATES.
MRNG QT core wallets, as well as the code, now have many new features:
– Added Zerocoin Protocol
-Active Updating through wallet
-Network and Local System Upgrades to make using MRNG easier, faster and safer.
Additional Info on the ZeroCoin Protocol can be found here: https://en.wikipedia.org/wiki/Zerocoin#Zerocoin_protocol
MorningStar Payment Systems RoadMap
September 2017 –
The original MorningStar code is pushed to Github and the blockchain is born.
October 2017 –
The Windows, Mac, and Linux QT wallets are released via the website.
The 1st ANN thread is live on Bitcointalk.org.
The first 1,000 users received 10,000 MRNG each and certain bounties were paid for completion of social media tasks.
MorningStar is listed on NovaExchange and trading commences.
November 2017 –
NovaExchange announces it will be closing its doors.
The MRNG team pursues new exchanges.
Many exchanges ask for the codebase to be updated.
MRNG dev team decides to rewrite the code to update the software, as to satisfy this request.
May 2018 –
The MRNG dev team completes the code update and begins announcing that they will host a swap from old to new coins.
NovaExchange announces it will not be closing it’s doors after all.
MRNG is still listed and decides how to proceed with the swap.
We are here —> June 2018 –
Windows and Linux QT wallets will be released.
New coins will be swapped for old coins.
Mac OS wallet will be released.
Q3 2018 –
Electrum Lite wallet and Android/iOS wallets will be released .
Q4 2018 –
Work will begin on an “eBay clone” utilizing MRNG as the payment method.
Users will be able to buy/sell goods and services through the website and bid on auction style listings. Escrow and shipping options will be available.
2019 and beyond –
The MorningStar team will offer a payment integration app, making it easy for any merchant to accept MRNG as payment via their website/storefront.
Work with higher level payment processing companies and larger online retailers eventually leads to MRNG being widely accepted on sites such as Amazon and Overstock.com[/size]
Proof of Stake 3.0
1% staking reward
Ports: 15914 (connection) and 15915 (RPC)
46,500,000 total coins
NODES: Updated Weekly
MorningStar (MRNG) aims to replace the current monetary system that is leaving the 99% behind. Real change can be brought about from replacing the current fiat system and returning to a FINITE system used to facilitate financial transactions much like the previous gold standard:
The gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. Three types can be distinguished: specie, bullion, and exchange. The gold exchange standard usually does not involve the circulation of gold coins. The main feature of the gold exchange standard is that the government guarantees a fixed exchange rate to the currency of another country that uses a gold standard (specie or bullion), regardless of what type of notes or coins are used as a means of exchange. This creates a de facto gold standard, where the value of the means of exchange has a fixed external value in terms of gold that is independent of the inherent value of the means of exchange itself.
Most nations abandoned the gold standard as the basis of their monetary systems at some point in the 20th century, although many hold substantial gold reserves. In the case of MorningStar cryptocurrency, however, MRNG coins would replace the previous and currents systems to return value to the “money” which we use to pay for goods and services by adding a “market value” to the fixed amount of units in circulation.
Our vision is to revolutionize monetary policy across the globe by establishing a secure Proof-of-Stake cryptocurrency that can grow to be a TRULY decentralized payment processing network outside of Federal and State regulations. Bitcoin is under attack and has lost its initial focus. It is becoming more and more centralized due to the amount of computing power and the cost of this equipment/electricity needed to “mine” new blocks. This will inevitably push out “the common man” and the “little guy”. The initial idea of Bitcoin was a decentralized system that can not be controlled by single “actor”. However, the rapid appreciation in Bitcoin’s USD value has caused many to forget its initial case-use and look the other way. It is now under the microscope of Federal and State governments and subject to regulations. Aside from this, the Bitcoin network now “wastes” enough electricity to power a small country. With Proof-of-Stake m￼ining, power consumption is negligible.
Proof of Stake currencies can be several thousand times more cost effective. Below is a chart of the wasteful use of energy consumed by the Bitcoin network.
Bitcoin’s current estimated annual electricity consumption* (TWh) 16.3
Annualized global mining revenues $3,677,569,788
Annualized estimated global mining costs ￼$815,187,540
Country closest to Bitcoin in terms of electricity consumption Lebanon
Estimated electricity used over the previous day (KWh) 44,667,810
Implied Watts per GH/s 0.3
Break-even Watts per GH/s (based on 5 cents per KWh) 1.353
Electricity consumed per transaction￼ (KWh) 172.00
Number of U.S. households that could be powered by Bitcoin 1,509,607
Number of U.S. households powered for 1 day by the electricity consumed for a single transaction 5.8
Bitcoin’s electricity consumption as a percentage of the world’s electricity consumption 0.08%
WE WILL BE PURSUING MANY MORE!!