diff --git a/pom.xml b/pom.xml
index 5480618e..f4b87ea2 100644
--- a/pom.xml
+++ b/pom.xml
@@ -3,24 +3,15 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google</groupId>
   <artifactId>bitcoinj</artifactId>
-  <!-- This should always be a SNAPSHOT until release build -->
   <version>0.3-SNAPSHOT</version>
   <name>BitCoinJ</name>
   <description>A Java implementation of a Bitcoin client-only node</description>
   <url>http://code.google.com/p/bitcoinj</url>
-  <!-- This POM has been tested with the following versions of Maven:
-       2.2.0, 2.2.1, 3.0.2
 
-       Use "mvn clean package" to build quickly without all the reports
-       Use "mvn clean verify" before submitting a patch
-
-       Use "mvn site:site" to generate a complete website under target/site
-       Use "mvn site:run" to run a local webserver localhost:8080/index.html
-
-       -->
   <ciManagement>
     <url>http://ci.bitcoinj.org/</url>
   </ciManagement>
+
   <licenses>
     <license>
       <name>Apache 2</name>
@@ -29,6 +20,7 @@
       <comments>A business-friendly OSS license</comments>
     </license>
   </licenses>
+
   <!-- Committers -->
   <developers>
     <!-- Information already public -->
@@ -45,6 +37,7 @@
       <email>xiaofengguo@google.com</email>
     </developer>
   </developers>
+
   <!-- Patchers and contributors -->
   <contributors>
     <!-- Information already public -->
@@ -68,140 +61,117 @@
       <name>John Sample</name>
       <email>jwsample@gmail.com</email>
     </contributor>
+    <contributor>
+      <name>Jan M�ller</name>
+      <email>jan.moller@gmail.com</email>
+    </contributor>
+    <contributor>
+      <name>Wolfgang Nagele</name>
+      <email>wolfgang.nagele@gmail.com</email>
+    </contributor>
+    <contributor>
+      <name>Jonny Heggheim</name>
+      <email>hegjon@gmail.com</email>
+    </contributor>
+    <contributor>
+      <name>Steve Coughlan</name>
+      <email>shadders.del@gmail.com</email>
+    </contributor>
   </contributors>
+
   <issueManagement>
     <system>Google Code</system>
     <url>http://code.google.com/p/bitcoinj/issues/list</url>
   </issueManagement>
+
   <mailingLists>
     <mailingList>
-      <name>BitcoinJ Google Group</name>
+      <name>BitCoinJ Google Group</name>
       <post>https://groups.google.com/forum/#!forum/bitcoinj</post>
     </mailingList>
   </mailingLists>
+
   <scm>
-    <!-- Public read-only source -->
     <url>http://bitcoinj.googlecode.com/svn/trunk/</url>
   </scm>
-  <!-- Distribution management handled by build server (no external authentication) -->
+
   <distributionManagement>
     <repository>
-      <id>central</id>
-      <name>repo</name>
-      <url>http://localhost:8081/artifactory/internal-release</url>
+      <id>releases</id>
+      <url>http://nexus.bitcoinj.org/content/repositories/release</url>
     </repository>
     <snapshotRepository>
       <id>snapshots</id>
-      <name>repo</name>
-      <url>http://localhost:8081/artifactory/internal-snapshot</url>
+      <url>http://nexus.bitcoinj.org/content/repositories/snapshots</url>
     </snapshotRepository>
   </distributionManagement>
-  <!-- Include the BitCoinJ repositories in your project if required -->
+
   <repositories>
-    <!-- Released versions of the library are stable -->
     <repository>
       <id>bitcoinj-release</id>
-      <name>BitCoinJ Release</name>
       <releases/>
-      <url>http://ci.bitcoinj.org/artifactory/release</url>
+      <url>http://nexus.bitcoinj.org/content/repositories/releases</url>
     </repository>
-    <!-- Snapshot versions of the library are subject to frequent change -->
     <repository>
       <id>bitcoinj-snapshot</id>
-      <name>BitCoinJ Snapshot</name>
       <snapshots/>
-      <url>http://ci.bitcoinj.org/artifactory/snapshot</url>
+      <url>http://nexus.bitcoinj.org/content/repositories/snapshots</url>
     </repository>
   </repositories>
+
   <profiles>
     <profile>
-      <id>maven-3</id>
+      <id>release-sign-artifacts</id>
       <activation>
-        <file>
-          <!-- This relies on basedir is only recognized by Maven 3.x (see MNG-2363) -->
-          <exists>${basedir}</exists>
-        </file>
+        <property>
+          <name>performRelease</name>
+          <value>true</value>
+        </property>
       </activation>
       <build>
-        <pluginManagement>
-          <plugins>
-            <plugin>
-              <groupId>org.apache.maven.plugins</groupId>
-              <artifactId>maven-site-plugin</artifactId>
-              <version>3.0-beta-3</version>
-            </plugin>
-          </plugins>
-        </pluginManagement>
         <plugins>
           <plugin>
-            <artifactId>maven-site-plugin</artifactId>
+            <groupId>org.apache.maven.plugins</groupId>
+            <artifactId>maven-gpg-plugin</artifactId>
+            <version>1.4</version>
             <executions>
               <execution>
-                <id>attach-descriptor</id>
+                <id>sign-artifacts</id>
+                <phase>verify</phase>
                 <goals>
-                  <goal>attach-descriptor</goal>
+                  <goal>sign</goal>
                 </goals>
               </execution>
             </executions>
           </plugin>
-          <plugin>
-            <artifactId>maven-dependency-plugin</artifactId>
-            <executions>
-              <execution>
-                <phase>install</phase>
-                <goals>
-                  <goal>copy-dependencies</goal>
-                </goals>
-                <configuration>
-                  <outputDirectory>${project.build.directory}/lib</outputDirectory>
-                </configuration>
-              </execution>
-            </executions>
-          </plugin>
         </plugins>
       </build>
     </profile>
   </profiles>
+
   <build>
+    <!-- Non-standard Maven structure -->
     <sourceDirectory>src</sourceDirectory>
     <testSourceDirectory>tests</testSourceDirectory>
     <plugins>
       <plugin>
-        <groupId>org.apache.maven.plugins</groupId>
         <artifactId>maven-compiler-plugin</artifactId>
-        <version>${maven-site-plugin.version}.2</version>
+        <version>2.3.2</version>
+        <!-- Version 1.5 required to support older platforms. -->
         <configuration>
           <source>1.5</source>
           <target>1.5</target>
         </configuration>
       </plugin>
-      <!-- Unit testing -->
+      <!-- Surefire plugin specified for Maven2 compatibility -->
       <plugin>
-        <groupId>org.apache.maven.plugins</groupId>
         <artifactId>maven-surefire-plugin</artifactId>
-        <version>${maven-surefire-plugin.version}</version>
+        <version>2.9</version>
       </plugin>
-      <!-- Unit test reporting -->
-      <plugin>
-        <groupId>org.apache.maven.plugins</groupId>
-        <artifactId>maven-surefire-report-plugin</artifactId>
-        <version>${maven-surefire-report-plugin.version}</version>
-      </plugin>
-      <!-- Generates a source code JAR during package -->
-      <plugin>
-        <groupId>org.apache.maven.plugins</groupId>
-        <artifactId>maven-source-plugin</artifactId>
-        <version>${maven-source-plugin.version}</version>
-        <executions>
-          <execution>
-            <id>attach-sources</id>
-            <goals>
-              <goal>jar</goal>
-            </goals>
-          </execution>
-        </executions>
-      </plugin>
-      <!-- Automatically downloads and renames Bouncy Castle to avoid conflicts on Android. -->
+      <!-- The Shade plugin permits the Bouncy Castle libraries to be available for Android
+           in their full form, rather than the limited versions that are currently available
+         The standard bitcoinj library does not have this limitation and can use the referenced library
+         As a result, Android developers should use the bitcoinj-<version>-android.jar artifact -->
       <plugin>
         <groupId>org.apache.maven.plugins</groupId>
         <artifactId>maven-shade-plugin</artifactId>
@@ -243,201 +213,54 @@
           </execution>
         </executions>
       </plugin>
-      <!-- Execute FindBugs during verify phase
-           Will fail the build if it finds a bug
-           Enable when ready -->
-      <!--<plugin>-->
-      <!--<groupId>org.codehaus.mojo</groupId>-->
-      <!--<artifactId>findbugs-maven-plugin</artifactId>-->
-      <!--<version>${findbugs-maven-plugin.version}</version>-->
-      <!--<configuration>-->
-      <!--<xmlOutput>true</xmlOutput>-->
-      <!--<xmlOutputDirectory>target/site</xmlOutputDirectory>-->
-      <!--<findbugsXmlOutput>true</findbugsXmlOutput>-->
-      <!--<findbugsXmlOutputDirectory>target/site</findbugsXmlOutputDirectory>-->
-      <!--<effort>Max</effort>-->
-      <!--<threshold>Low</threshold>-->
-      <!--</configuration>-->
-      <!--<executions>-->
-      <!--<execution>-->
-      <!--<phase>verify</phase>-->
-      <!--<goals>-->
-      <!--<goal>check</goal>-->
-      <!--</goals>-->
-      <!--</execution>-->
-      <!--</executions>-->
-      <!--</plugin>-->
     </plugins>
   </build>
+
   <dependencies>
     <dependency>
       <groupId>junit</groupId>
       <artifactId>junit</artifactId>
-      <version>4.8.2</version>
-      <type>jar</type>
+      <version>${junit.version}</version>
       <scope>test</scope>
     </dependency>
     <dependency>
       <groupId>org.easymock</groupId>
       <artifactId>easymock</artifactId>
-      <version>3.0</version>
-      <scope>test</scope>
-    </dependency>
-    <dependency>
-      <groupId>cglib</groupId>
-      <artifactId>cglib</artifactId>
-      <version>2.2.2</version>
-      <scope>test</scope>
-    </dependency>
-    <dependency>
-      <groupId>org.objenesis</groupId>
-      <artifactId>objenesis</artifactId>
-      <version>1.2</version>
+      <version>${easymock.version}</version>
       <scope>test</scope>
     </dependency>
     <dependency>
       <groupId>org.slf4j</groupId>
       <artifactId>slf4j-api</artifactId>
-      <version>1.6.1</version>
-      <type>jar</type>
-      <scope>compile</scope>
+      <version>${slf4j.version}</version>
     </dependency>
+    <!-- BitCoinJ consumers are expected to provide their own SLF4J adapters
+         such as logback, slf4j-log4j12, slf4j-jcl and so on
+         see http://www.slf4j.org/faq.html -->
     <dependency>
       <groupId>org.slf4j</groupId>
       <artifactId>slf4j-simple</artifactId>
-      <version>1.6.1</version>
-      <type>jar</type>
-      <scope>compile</scope>
+      <version>${slf4j.version}</version>
+      <scope>runtime</scope>
+      <optional>true</optional>
     </dependency>
+
     <!-- In Android these libraries are incomplete,
          so use the dedicated artifact (bitcoinj-<version>-android.jar) -->
     <dependency>
       <groupId>org.bouncycastle</groupId>
       <artifactId>bcprov-jdk15</artifactId>
-      <version>1.46</version>
-      <type>jar</type>
-      <scope>compile</scope>
+      <version>${bcprov-jdk15.version}</version>
     </dependency>
   </dependencies>
-  <!-- The reporting section is deprecated in Maven3,
-       but can be read by site plugin (see MNG-4162) -->
-  <reporting>
-    <outputDirectory>${basedir}/target/site</outputDirectory>
-    <plugins>
-      <!-- Generates Javadocs -->
-      <plugin>
-        <groupId>org.apache.maven.plugins</groupId>
-        <artifactId>maven-javadoc-plugin</artifactId>
-        <version>${maven-javadoc-plugin.version}</version>
-        <configuration>
-          <excludePackageNames>com.google.bitcoin.bouncycastle.*</excludePackageNames>
-        </configuration>
-      </plugin>
-      <!-- Generate a FindBugs report -->
-      <plugin>
-        <groupId>org.codehaus.mojo</groupId>
-        <artifactId>findbugs-maven-plugin</artifactId>
-        <version>${findbugs-maven-plugin.version}</version>
-        <configuration>
-          <!-- Findbugs takes about 2mins to complete -->
-          <skip>true</skip>
-          <xmlOutput>true</xmlOutput>
-          <xmlOutputDirectory>target/site</xmlOutputDirectory>
-          <findbugsXmlOutput>true</findbugsXmlOutput>
-          <findbugsXmlOutputDirectory>target/site</findbugsXmlOutputDirectory>
-          <effort>Max</effort>
-          <threshold>Low</threshold>
-        </configuration>
-      </plugin>
-      <!-- Generate a code coverage report -->
-      <plugin>
-        <groupId>org.codehaus.mojo</groupId>
-        <artifactId>cobertura-maven-plugin</artifactId>
-        <version>${cobertura-maven-plugin.version}</version>
-        <configuration>
-          <instrumentation>
-            <ignores>
-              <ignore>org.slf4j.*</ignore>
-            </ignores>
-            <excludes>
-              <exclude>com.google.bitcoin.bouncycastle.*</exclude>
-            </excludes>
-          </instrumentation>
-          <formats>
-            <format>html</format>
-            <format>xml</format>
-          </formats>
-        </configuration>
-      </plugin>
-      <!-- Generate an HTML report for unit tests -->
-      <plugin>
-        <groupId>org.apache.maven.plugins</groupId>
-        <artifactId>maven-surefire-report-plugin</artifactId>
-        <version>${maven-surefire-report-plugin.version}</version>
-      </plugin>
-      <!-- Generate a mini-site for the project -->
-      <plugin>
-        <groupId>org.apache.maven.plugins</groupId>
-        <artifactId>maven-site-plugin</artifactId>
-        <version>${maven-site-plugin.version}</version>
-      </plugin>
-      <!-- Generate cross-referenced HTML source code listing -->
-      <plugin>
-        <groupId>org.apache.maven.plugins</groupId>
-        <artifactId>maven-jxr-plugin</artifactId>
-        <version>${maven-jxr-plugin.version}</version>
-      </plugin>
-      <!-- Execute Taglist to add TODOs, REFACTORs
-           and so on to the project site during verify
-      -->
-      <plugin>
-        <groupId>org.codehaus.mojo</groupId>
-        <artifactId>taglist-maven-plugin</artifactId>
-        <version>${taglist-maven-plugin.version}</version>
-        <configuration>
-          <tagListOptions>
-            <tagClasses>
-              <tagClass>
-                <displayName>Pre-release Project Development Work (Peer Review)</displayName>
-                <tags>
-                  <tag>
-                    <matchString>TODO</matchString>
-                    <matchType>ignoreCase</matchType>
-                  </tag>
-                  <tag>
-                    <matchString>FIXME</matchString>
-                    <matchType>ignoreCase</matchType>
-                  </tag>
-                </tags>
-              </tagClass>
-              <tagClass>
-                <displayName>Ongoing Refactoring and Maintenance Work (Technical Debt)</displayName>
-                <tags>
-                  <tag>
-                    <matchString>REFACTOR</matchString>
-                    <matchType>ignoreCase</matchType>
-                  </tag>
-                </tags>
-              </tagClass>
-            </tagClasses>
-          </tagListOptions>
-        </configuration>
-      </plugin>
-    </plugins>
-  </reporting>
+
   <properties>
-    <!-- Source encoding -->
     <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
-    <!-- Plugin versions -->
-    <!-- Require lower version for Maven3 compatibility -->
-    <maven-surefire-report-plugin.version>2.4.3</maven-surefire-report-plugin.version>
-    <maven-jxr-plugin.version>2.1</maven-jxr-plugin.version>
-    <maven-site-plugin.version>2.3</maven-site-plugin.version>
-    <maven-surefire-plugin.version>2.8.1</maven-surefire-plugin.version>
-    <maven-source-plugin.version>2.0.4</maven-source-plugin.version>
-    <maven-javadoc-plugin.version>2.6.1</maven-javadoc-plugin.version>
-    <findbugs-maven-plugin.version>2.3.1</findbugs-maven-plugin.version>
-    <taglist-maven-plugin.version>2.4</taglist-maven-plugin.version>
-    <cobertura-maven-plugin.version>2.3</cobertura-maven-plugin.version>
+    <!-- Third-party dependencies -->
+    <bcprov-jdk15.version>1.46</bcprov-jdk15.version>
+    <easymock.version>3.0</easymock.version>
+    <junit.version>4.8.2</junit.version>
+    <slf4j.version>1.6.2</slf4j.version>
   </properties>
-</project>
+
+</project>
\ No newline at end of file