ETHEREUM CLASSIC VISION

in #cryptocurrency • 6 years ago

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.

Why Is Ethereum Classic Vision Better?

ETCV is the best because it combines the 3 major features of Blockchain which are: scalability, decentralization and security.

The project will use (Proof-of-Stake). To get tokens, we will only need to keep them in our wallet. More than 25,000 transactions per second compared to 25 ethereum transactions Integration with IPFS One-time payment for the creation of a smart contract.


Why Ethereum Classic Vision

Ethereum Classic Vision combines all 3 options that a very sure-fire blockchain must have: decentralization, measurability, and security. It offers a variety of serious advantages over ETH, ETC, and BTC:

  • Proof-of-Stake

A additional economical, secure, and profitable mining protocol that may keep the network totally localized.

  • No rental storage fee

Launching a wise contract can incur a nominal one-time fee; the ​unused contract is placed ina ​ temporary sleep state as a results of a vote.

  • Sharding

ETCV network are going to be able to method twenty five000+ transactions per second as compared to merely 25 in ETH.

  • IPFS integration

Cheap localized file storage for your dApp.

  • Fair rewards

ETCV miners don't must worry that their reward are going to be randomly lowered – in our system, labourer and merchandiser interests are rigorously balanced.

ETH proof-of-Stake advantages

  • Resource

efficiencyLower 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 decentralization

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 

The end of ETH Classic

The key developer team behind Ethereum Classic abandoned the project due to lack of funding. The original decentralized cryptocurrency cannot be saved – the time has come for a hard fork. 

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. 

 

The Existing Problem in Blockchain and ETCV Solution

Speed of transaction on Ethereum Blockchain has been slow, however, this often frustrate the people that needed quick service, in that they don't know when the second party will get the payment alert. Moreover, some researchers said that increasing the number of nodes can be the solution but that's is not so. Ethereum-classic vision will solve this issue by switching to the utilization of proof-of-work protocol but will be done later in time. Another problem is lack of scalability, transparency, etc.

Ethereum Classic Vision wants to see people take advantage of smart contracts. Smart contracts are not only for business applications. The world will find extraordinary ways to implement blockchain and smart contracts to make our lives easier and Ethereum Classic Vision will be the center of that innovation. opment tools, and decentralized file storage using IPFS. Starting with a PoW-based system, it will then offer a stable prize for the transaction validator through Proof of betting recognition. While at the same time creating an optimal environment for creating new assets. 

Roadmap

  • Q3-4 2018

ETH hard fork ideation & development; formation of the team; negotiation

with and signing up first advisors

  • Jan 11, 2019

Snapshot of the ETH network & distribution of Ethereum Classic Vision

coins

  • Q1 2019

Introduction of the dApps platform (initially with new dApps residing on the mainchain and support for migration from Ethereum and Ethereum Classic virtual machines); establishment of key technological partnerships; listing Ethereum Classic Vision at a number of major digital exchanges; testing the P2P exchange module VisionDEX; security audit of VisionDEX smart contracts; expanding the team and adding more developers; launch of a large-scale marketing campaign.

  • Q2 2019

Implementation of the P2P decentralized exchange module; onboarding of an advisory board specializing in sharding and decentralized storage technology; work on the sharding protocol; development of the decentralized storage system based on IPFS; testing the PoS consensus protocol; roadshow covering major coding events and hackathons in Europe and Asia.

  • Q3 2019

Switch to the PoS consensus protocol; integration of the dApp platform with VisionDEX; Sharding implementation; testing of the file storage module and the associated rewards system; attracting advisors from the field of the zero-code movement.

  • Q4 2019

IPFS integration with rewards for storage space providers, the ​launch of a the ​ marketing campaign for the storage system; establishing partnerships with blockchain foundations in North America and East Asia; expanding the number of digital exchanges where Ethereum Classic Vision is listed.

  • Q1

Beta testing of additional features for VisionDEX (margin lending, limit orders, etc.)

  • Q2 2020

Integration of new exchange features: stop-loss, limit orders, margin trading;

implementation of a Sidechain Development Kit for the dApp platform

  • Q3 2020

Implementation of cryptocurrency derivatives trading; introduction of a

migration tool for dApps developed outside of EVM (NEO, EOS, Lisk, Stratis)

  • Q4 2020

Integration of a zero-code, drag-and-drop dApp development module

Ethereum Classic Vision exhausting fork - Jan eleven, 2019

A shot of the ETH network are going to be taken on Jan eleven, 2019. ALL users WHO hold ETH in their personal wallets at the instant of the shot can receive three ETCV per every ETH once the fork.

Note you need to hold ETH in your personal notecase (Jaxx, Coinomi, MyEtherWallet, Ledger Nano, etc.) to induce your free ETCV once the fork. Exchange wallets don't seem to be accepted!

Get Ethereum Classic Vision via Bounty

Our bounty could be a fantastic chance to induce ETCV coins at no cost – whether or not you don’t have any ether! All you've got to try and do is register for the bounty campaign and opt for the sort of tasks you relish most. Post concerning Ethereum Classic Vision on Twitter, produce video reviews on YouTube, write journal posts and articles – we'll reward all of your efforts!

For more information

Author of this article;

6 years ago in #cryptocurrency by
$0.00
    3 votes
    Reply 0
    Sort:  
  • Trending