Hard fork Ethereum - Ethereum Classic Vision - 11.01.19

in #hard6 years ago (edited)

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Currently, ETH is cryptocurrency with a market capitalization ranked second, just behind Bitcoin. Ethereum and Bitcoin prices keep falling, transaction processing times remain low, mining rewards are falling, and suggested solutions for the issues of scaling and energy inefficiency are still far from implementation. ETC's development team stopped working due to lack of funds, and encountered 51% attack ...

And we need a new solution ???

"Ethereum Classic Vision is a new cryptocurrency that intends to bridge this divide of expectations and reality. A hard fork of Ethereum, it will leverage most advanced solutions proposed for the world’s second-largest digital currency, at the same time preserving the ideal of decentralization. The project will combine such technologies as sharding, P2P asset exchange, dApp development tools, and decentralized file storage using IPFS. Starting out as a PoW-based system, it will later offer stable rewards to transaction validators thanks to the implementation of Proof-of-Stake, at the same time creating an optimal environment for deploying new assets" According to the whitepaper

As a Fork from ETH, Ethereum Classic Vision has characteristics that a successful blockchain needs to have: decentralization, scalability, and security. ETCV outperforms ETH in all aspects, from decentralization, security and consensus.

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And the improvement of ETCV compared to ETH is the reward in the minning process. Excavators will not have to worry because the reward is reduced after a certain time and the operating cost is lower than that of ETH.
  • Proof-of-Stake: A more efficient, secure, and profitable mining protocol that will keep the network fully decentralized.
  • No rental storage fee: Launching a smart contract will incur a minimal one-time fee; unused contract can be placed in temporary sleep state as a result of a vote.
  • Sharding: ETCV network will be able to process 25000+ transactions per second as compared to just 25 in ETH
  • IPFS integration: Cheap decentralized file storage for your dApp.
  • Fair rewards: ETCV miners do not need to worry that their reward will be arbitrarily lowered – in our system, miner and trader interests are carefully balanced.

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And on January 11, ETCV will officially get a Fork from ETH.
And how can you get ETVC? Very simply, you can get ETVC at the rate of 1 ETH = 3 ETVC and can start minning after 11th.

Note: you must hold ETH in your personal wallet (Jaxx, Coinomi, MyEtherWallet, Ledger Nano, etc.) to get your free ETCV after the fork. Exchange wallets are not accepted!

IMPORTANT! Regardless of which authorized wallet you use to hold your ETH, your free ETCV will be initially sent to the official Ethereum Classic Vision wallet. While we are currently in negotiations with a number of popular wallets, at the moment of the fork we will not be able to send ETCV to those wallets due to certain differences in the algorithms used, including the provisions for PoS mining included in the source code.

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Hard fork Ethereum - Ethereum Classic Vision - 11.01.19
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Whitepaper: https://ethereumcv.io/whitepaper.pdf
Website: https://ethereumcv.io/#subscribe

BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1780254

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