Pecu Novus has an interesting history and I wanted to share that with the Pecu Community so they can get a good picture of where things are going today and tomorrow.
In 2016 a development team came together lead by a programmers Gauss and Sri Ram, they had a vision to impact the world in a positive way, they saw the inefficiencies that existed in not only the current financial systems but also with layer-one blockchain infrastructures. Back then they were looking at Bitcoin and Ethereum as examples in order to develop a network that was secure and scalable.
In early 2017 they built the infrastructure but they were lacking in a number of areas, they would not allow the digital asset PECU to be listed on any type of cryptocurrency exchange or have any real marketing done until they accomplished the development that they intended to. So they worked hard and hit many brick walls along the way and on March 16, 2018 , over a year after beginning development, they approached MegaHoot Technologies to help them get over those hurdles.
At first MegaHoot Technologies was slotted to take on the responsibility of the current and future development of the project. That did not occur, many restrictions were put in place that prevented any advancement in the network to take place. Which the MegaHoot team was not happy with but they kept maintaining the network as they agreed to with little innovation.
In late 2019 the original development team did all but abandon the project and did not allow any other group to take it over and allow it to innovate. The MegaHoot team initiated a plan of action to overhaul the entire network and began development in the background away from Pecu Novus in 2021 with the hopes of being able to execute.
After two long years of negotiations a deal was agreed to with the last standing person in control of the network with the help of our financial partners, this would allow MegaHoot Technologies to completely overhaul the entire network and bring Pecu Novus into the future.
With the original development team out of the way the innovation and progression began in February 2022, with the vision of creating an inclusive decentralized blockchain network.
This has been an interesting journey and we can’t say how thrilled we were to be able to finally begin making Pecu Novus what it was intended to be and much more. This will be a year of serious growth for the network and with the development of a comprehensive Pecu Wallet and Terminal system , one that will allow for simple smart contracts, an escrow system, the ability to place digital assets in both in-wallet cold storage and offline cold storage, well the future is just that much brighter for Pecu Novus.
We will be posting more about Pecu and about the Blockchain economy as a whole. It’s a very young space that has a lot of growth to do still and Pecu Novus being a layer-one blockchain network for the first time since inception stakeholders will now start seeing what they have always wanted ne believed in. Innovation and growth, we are in motion.
