The Phore Blockchain team is continuing to design and develop the Synapse Masternode sharding architecture, and will be the main focus of our blockchain development work in the immediate future. This will be a significant leap forward in our blockchain’s capabilities, paving the way to smart contracts, orders of magnitude higher scalability, stateless clients, and the ability to run other consensus protocols on Phore shards.
In parallel with this, we are continuing our work on the Phore Marketplace, adding features such as cryptocurrency trading, crowdfunding, an improved and more scalable RPC API proxy with the Phore blockchain, and much more.
There is a tremendous amount of work to do and we want to get the new architecture done as quickly as we can. We have added developers to the team recently to accelerate our progress. As a result we are proposing to use the remaining 13,200 PHR budget that has not already been allocated to the core team towards development resources.