New MinePlex 2.0 Blockchain

Since the launch of the project, the main goal of MinePlex is to expand the influence of the blockchain and give users understandable and accessible financial tools that will make using cryptocurrencies as easy as traditional currencies. While developing new products and expanding MinePlex ecosystem, we came to conclusion that, despite the uniqueness of the Tezos blockchain architecture on which we created the MinePlex blockchain, its throughput is not enough to implement all our plans.

Key problems of the MinePlex blockchain:

• Insufficient throughput of the Tezos architecture

• Low scalability of the MinePlex system, since many exchanges and projects are not ready to work with the MinePlex blockchain.

• Release of all MINE tokens into circulation and completion of the PLEX emission in 2 years in 2025.

In 2022, the team decided on a major project update, a phased transition to the new Tendermint Core architecture, and the creation of the second version of the MinePlex blockchain.