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introduction
Ethereum Classic Vision is a hard fork of Ethereum that leverages the best of both worlds – true decentralization of Ethereum Classic and cutting-edge protocols developed for ETH, such as PoS mining and sharding. With its immense scaling potential, high speed, and great rewards for miners, Ethereum Classic Vision is the ultimate answer to the current challenges of the market. During the upcoming hard fork on January 11, 2019, all Ethereum holders will receive 3 ETCV for each ETH in their personal wallets.
WHAT IS ETCV?
ETCV is an abbreviation of Ethereum and the ticker (symbol) of the new digital asset that will be created as the result of the planned hard fork.
Why Ethereum Classic Vision
Ethereum Classic Vision combines all three features that a truly successful blockchain must have: decentralization, scalability, and security. It offers a number of significant advantages over ETH, ETC, and BTC:
Proof-of-Stake
A more efficient, secure, and profitable mining protocol that will keep the network fully decentralized.
Sharding
ETCV network will be able to process 25000+ transactions per second as compared to just 25 in ETH.
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.
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.
IPFS integration
Cheap decentralized file storage for your dApp.
ETCV is one of Biggest applications Service based on Blockchain for Presenting 4 Kinds of People need around the World there are:
- Resource Efficiency, Lower costs mean that ETCV mining will be profitable for individual miners with hardware as simple as Raspberry Pi.
- Stability, ETCV holders earn more coins by staking them, so there is no motive to sell – thus, the price of ETCV will rise steadily instead of plunging
- Security, If a block validator breaks the rules or acts maliciously, they lose their staked deposit and status.
- Real Decentralize, There is no risk that gigantic mining pools will take over the control of the ETCV blockchain – it will remain independent from any central authority.
Ethereum is unsustainable
ETH code has a “difficulty bomb” built into it – a piece of code that decreases the efficiency of mining new blocks, until the validation process stops completely - this is known as the “Ethereum ice age”. None of the improvement proposals offer a real solution – and the promised switch to a Proof-of-Stake mechanism is still years away. Rewards for miners will be lowered and rent fees will be introduced for smart contracts. Giant mining pools will take ever more power, and individual mining will lose economic sense. ETH has failed its supporters – and its price will keep falling
For more information here :
Website: https://ethereumcv.io
Whitepaper: https://ethereumcv.io/whitepaper.pdf
Twitter: https://twitter.com/eth_cv
Telegram: https://t.me/ethereum_classic_vision
Github: https://github.com/ethereumclassicvision
Author :
Bitcointalk name : ayumichia
Bitcointalk profil :https://bitcointalk.org/index.php?action=profile;u=1427084
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