March 20, 2015

Yesterday, March 19th 2015, marked the beginning of the four week long election period for Counterparty Foundation Community Director seats. We published a thread on the official Counterparty forum with election details. This thread will be the only place used to nominate candidates for the three open director seats.

Please note that candidacies published outside of the official thread will not be taken into account.

Below is the summary of the election thread:

For the next two weeks, from March 19th till April 2nd, we are inviting everyone to participate in the election process by nominating candidates to fill three Community Director seats. The only requirement for the nomination is that the candidate hold at least 50 XCP and prove this by broadcasting a message from his or her address with the name of the nominee.

If you would like to nominate yourself or another candidate, please reply to the official election thread with the following candidate information:

First and Last name

Bio

Picture

Bitcoin address (must have at least 50 XCP)

Tx of the broadcast used to verify the ownership of 50 XCP

On April 2nd, the Executive Director will generate a Bitcoin address for each candidate that meets the requirement. Names and addresses of all candidates will be published on the public Blockscan voting scoreboard.

On the same day, the executive director will issue a voting token called CFELECTION2015 of 10 million units (divisible and locked) and send dividends to all XCP holders with this vote token as the dividend asset (meaning that all XCP addresses will receive some quantity vote token in proportion to their XCP balance).

During the two-week long voting period, from April 2nd till April 16th, owners of addresses with a vote token balance will be able to send them to one or more of the addresses corresponding to the candidate(s) they wish to vote for. Candidates’ current scores, will be publicly displayed on the voting scoreboard.

After the election, top three addresses that receive the highest number of vote tokens will be announced as winners, and their owners receive Community Director positions for the term of one year.

We’re very excited to be the first decentralized organization to use blockchain-based voting. We’re looking forward to your candidacy and hope this election will be a fair, successful and transparent process of selecting the best candidates to fill these key positions.

In other news from the Counterparty team this week, we’ve released a new version of counterparty-lib, v9.50.0. This version contains a hotfix for an integer overflow error that affected all clients parsing mainnet block 348076. For this reason, this is a mandatory upgrade, all clients must upgrade immediately. You can read the release notes on GitHub.

Finally, the Counterparty founder, Evan Wagner gave an interview for CoinTelegraph discussing Symbiont – the new platform using the Counterparty technology, Smart Contracts, the new desktop wallet and our future plans. In case you missed it, you can read the interview here.

That concludes our update for this week. If you have any questions you can contact us via our support channel, gitter, forum or github.

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