ETHEREUM VISION CLASSIC offers a bold and effective solutions to the crisis in the industry into the future. Ethereum, the world’s leading platform for developing and building block applications, is currently in deep crisis. Many solutions have been proposed, but none have been implemented so far – and the current Ethereum leadership course does not inspire much optimism for the future. Solving the existing problems will take years, and the solutions themselves can lead to even greater problems in the future.
ETHEREUM CLASSIC VISION is an advanced, fast, easy-to-scale and highly decentralized system, and Proof-of-stake does not Explicitly meet these goals. Thus, after the initial period, when the platform will use PoW, it will be switched to PoS. Unlike Ethereum, which is likely to go through a long phase of partial testing (with one block of 100 tested using PoS), ETHEREUM CLASSIC VISION will perform a more decisive and confident transition. The team strongly believes that implementing a revolutionary upgrade in a very limited way can only destabilize the network, prolong problems, create controversy, and ultimately make a complete transition impossible.
The goal of Ethereum Classic Vision is the solution of the basic problems faced by Ethereum, including scaling, the inefficiency of mining and the high cost of data storage. The transition to Proof-of-Stake is a key element of this plan, but a number of additional modules and features will also play an important role.
Tokens company ETCV will be distributed free to owners of ETH 11 Jan 2019. Over the next few months, ETCV will be included among the major cryptocurrency exchanges (the project team is currently negotiating with several of them) and will be launched in its dApp development environment, where blockchain startups will be able to create and deploy new services, adding their assets to a specially created P2P exchange-Vision DEX.
Hard fork Ethereum – Ethereum Classic Vision – 11.01.19
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.
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.
Advantages of Ethereum Classic Vision
-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 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
Ethereum Classic Vision hard fork - January 11, 2019
A snapshot of the ETH network will be taken on January 11, 2019. ALL users who hold ETH in their personal wallets at the moment of the snapshot will receive 3 ETCV per each ETH after the fork.
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!
Get Ethereum Classic Vision via Bounty
Our bounty is a fantastic opportunity to get ETCV coins for free – even if you don’t have any ether! All you have to do is register for the bounty campaign and choose the type of tasks you enjoy most. Post about Ethereum Classic Vision on Twitter, create video reviews on YouTube, write blog posts and articles – we will reward all your efforts!
Bounty link: https://bitcointalk.org/index.php?topic=5089912.new#new
About Ethereum Classic Vision
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.
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