Ethereum Classic Vision
The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is: What is Blockchain?
By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, (Buy Bitcoin) the tech community is now finding other potential uses for the technology.
Bitcoin has been called “digital gold,” and for a good reason. To date, the total value of the currency is close to $112 billion US. And blockchains can make other types of digital value. Like the internet (or your car), you don’t need to know how the blockchain works to use it. However, having a basic knowledge of this new technology shows why it’s considered revolutionary. So, I hope you enjoy this before proceeding. The massive wealth and influence that centralised exchanges posses has led to serious unethical acts of market manipulation and exploitation that emphasize exactly the reasons why decentralized exchanges are needed now more than ever.
A shocking information was brought to light by crypto Trader named Silvain Ribes, where he believes that far above $3 billion of all cryptoassets’ volume are fabricated and unreal, and that OKex, which is the number one exchange rated by volume is the main offender with up to 93% of its volume being fake.
In addition, another trader points out the disturbing fact that the NASDAQ stock exchange only charges below $200,000 for listing mega companies, while a lot of centralised crypto exchanges are trying to charge more than $500,000 in listing fees.
Cryptocurrency influencers and many other people all over the internet are beginning to share different bad stories about how centralised exchanges operates in the same corrupt manner as any regular centralized organizations that posses too much power and influence if they are left unchecked.
Because the blockchain is nearly immutable and permanent, if it is possible to run a program in a blockchain, such as Ethereum, rather than a general distributed ledger, we can get many advantages. First, you can trust your code on Ethereum.
The code that works on a regular server does not know exactly what is going on in the real server. If all the code and the steps to be executed are made visible to the blockchain participants, users will be able to trust the service. Second, the stored code and data remain “almost” permanently. For this reason, it can be used as permanent storage of data that should not be modulated.
A program running in the Ethereum blockchain is called a Decentralized Application or DApp. The Ethereum ecosystem is currently the best place to build a decentralized application; it has wonderful documentation and user-friendly interfaces, fast development time, security for small applications, and ability for applications developed atop the Ethereum blockchain to easily interact with one another.
Ethereum actually has programming languages such as Solidity and Serpent, and the program can be implemented using those language. After compiling the program, it is converted into bytecode, and there is an operation code corresponding to the bytecode. Another interesting thing is Turing-complete computing capability.
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.
Ethereum Classic Vision (ETCV)
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.
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:
A more efficient, secure, and profitable mining protocol that will keep the network fully decentralized.
Ethereum proof-of-Stake advantages
ETCV network will be able to process 25000+ transactions per second as compared to just 25 in ETH.
- 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.
- 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.
- 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.
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:
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2160355
Eth Address: 0xd5138067078B32BA7800b399bC77C49deaA3f2f5