At present, the cryptocurrency market is experiencing one of the most difficult stages so far.
Prices of Ethereum and Bitcoin are decreasing, transaction processing times remain low,
falling mining rewards, storage costs and suggested solutions for scaling and energy problems inefficiencies that are far from implementation.
Blockchain fans have long hoped to see and help build a world where cross-border transactions are instant and free, where individuals can run their business without interference from banks or other authorities, and consent will not depend on trust between the parties.
Ethereum is unsustainable
Ethereum 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. 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 rental 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 end of Ethereum Classic
The key developer team behind Ethereum Classic (ETC) abandoned the project due to lack of funding. The original decentralized cryptocurrency cannot be saved – the time has come for a hard fork.
To answer the above challenges Ethereum Classic Vision (ETCV) is present.
Ethereum Classic Vision (ETCV) is a new cryptocurrency that intends to bridge the gap between hope and reality. The hard fork Ethereum, it will utilize the most advanced solutions proposed for the second largest digital currency in the world, at the same time safeguarding the ideals of decentralization.
ETCV Advantage
Ethereum Classic Vision (ETCV) is a combination of three features that must be owned by a truly successful blockchain: decentralization, scalability, and security. besides that ETCV offers a number of significant advantages over ETH, ETC, and BTC:
1. Proof-of-Stake
A more efficient, secure, and profitable mining protocol that will keep the network fully decentralized.
Ethereum proof-of-Stake advantages
2. Sharding
ETCV network will be able to process 25000+ transactions per second as compared to just 25 in ETH.
3. No rental storage fee
Launching a smart contract will incur a minimal one-time fee; the unused contract can be placed in a temporary sleep state as a result of a vote.
4. 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.
5. IPFS integration
Cheap decentralized file storage for your Dapp.
ETCV Technical Feature project
The project will combine such technologies as sharding, P2P asset exchange or VisionDEX, decentralized App development tools, and decentralized file storage using Interplanetary File System (IPFS). Starting out as at Proof-of-Work (PoW) based system, it will later offer stable rewards to transaction validators thanks to the implementation of Proof-of-Stake (POS), at the same time creating an optimal environment for deploying new assets.
ETCV Roadmap
Ethereum network snapshot & distribution
The free Ethereum Classic Vision (ETCV) coin distribution will be done after a snapshot of the Ethereum network, which is scheduled for 11 Jan 2019 (20:00 GMT).
Every user wallet (Jaxx, Coinomi, MyEtherWallet, Ledger Nano, etc.)found holds Ethereum coins in their current personal wallet
Snapshots will receive free Ethereum Classic Vision coins with a ratio of 3: 1 ( Users who hold ETH in an exchange wallet cannot claim prizes). After the snapshot is complete, ETH holders will be able to transfer it to the exchange, sell it, or exchange it. The amount of free ETCV sent to ETH holders depends only on how many coins they have at the time the photo was taken - not before or after.
So, for now, make sure that you hold Ethereum in your personal wallet, and get Free ETCV with a ratio of 1: 3 after Hard-Fork. do not waste this opportunity.
follow the Bounty Ethereum Classic Vision, for more information, visit:
Website: https://ethereumcv.io
Whitepaper: https://ethereumcv.io/whitepaper.pdf
Twitter: https://twitter.com/eth_cv
Telegram: https://t.me/ethereum_classic_vision
Hard fork Ethereum - Ethereum Classic Vision - 11.01.19
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Whitepaper: https://ethereumcv.io/whitepaper.pdf
Website: https://ethereumcv.io/#subscribe
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Whitepaper: https://ethereumcv.io/whitepaper.pdf
Website: https://ethereumcv.io/#subscribe
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Alisha FR
ETH address: 0x1256D7E5264B5847cCAd7Ed1A7342617595B09A6
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