Ethereum Classic Vision - 11.01.19 Description




  • Introduction

    Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.

    For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

    Moving to the topic... The ETH has a built-in difficulty bomb known as "Ethereum ice age". None of the improvement proposals offers a real solution. Rewards for miners will be reduced and rental rates will be introduced for smart contracts. The gigantic mining pools will take more and more energy, and the individual mining will lose economic sense. ETH has failed its supporters and its price will continue to fall.

    For this reason, I want to introduce you Ethereum Classic Vision (ETCV), a bifurcation of Ethereum designed as a new cryptocurrency which proposes bold and efficient responses to the crisis in the blockchain industry. 

    Definition and goals

    As I said, ETCV(https://ethereumcv.io/) is a new cryptocurrency that aims to close this gap of expectations and reality. A hard bifurcation of Ethereum, which will take advantage of the most advanced solutions proposed for the second largest digital currency in the world, while preserving the ideal of decentralization. The project will combine technologies such as sharding, P2P asset exchange, dApp development tools and decentralized file storage using IPFS. Starting as a PoW-based system, it will later offer stable rewards to transaction validators thanks to the implementation of the Proof-of-Stake, at the same time creating an optimal environment for deploying new assets. The main objective of ETCV is to resolve the major issues facing Ethereum, including scaling, mining inefficiency, and high costs of data storage.

    Proposal

    Unlike Ethereum, which will most likely go through a long period of part time testing phase,Ethereum Classic Vision will make a more decisive and safe transition. We firmly believe that the introduction of a revolutionary update in a very limited way can only destabilize the network, prolong discussions, create discord and, ultimately, make a complete change impossible. The idea is to change PoW to PoS.

    To Solve

    Solutions

    Scaling

    Energy efficiency

    Difficulty bomb

    Fair distribution of rewards

    Declining rewards

    Decentralization

    Centralization

    Security

    Rental storage fees

    Stability

    Airdrop

    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.

    Bounty program

    The project gives the opportunity to earn Ethereum Classic Vision Tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Webpage here (https://bitcointalk.org/index.php?topic=5089912.0For more information about the project, you can visit and read their WhitePaper available here (https://ethereumcv.io/whitepaper.pdfhttps://t.me/ethereum_classic_visionhttps://bitcointalk.org/index.php?topic=5089443.0). I hope you liked the post and soon I'll send you new ones. Do not forget to visit their Webpage (https://ethereumcv.io/)!

    Roadmap

    Date

    Event

    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, launch of a 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 2020

    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

    Hard fork Ethereum - Ethereum Classic Vision - 11.01.19
    —----------------------------
    Whitepaper: https://ethereumcv.io/whitepap...

    Website: https://ethereumcv.io/#subscri...

    Author Details: 

    My username Bitcointalk: Dobrii
    My link Bitcointalk: https://bitcointalk.org/index....
    ETH Address: 0xf7115122Ab331C9d3490f0F453e79Da158c77400


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