ETHEREUM CLASSIC VISION PROJECT OVERVIEW
Over the past few years, the cryptocurrency markets have seen significant and unprecedented growth, with investors in the space earning huge profits. One major drawback, however, is that trading cryptocurrencies is a bit complicated and the recent influx of new projects into the market is quite overwhelming. As a result, investors that do not have the time, resources or expertise to do exhaustive research may end up making snap judgements and losing money. As such, it has become particularly important for investors to be cautious while making investments in ICOs and cryptocurrencies in general. This is because a large proportion of investors lack the knowledge to dissect projects, analyse teams or even to ascertain the authenticity of the claims made in the white paper. More so, even if these investors have the knowledge and expertise to analyse and make risk assessment for blockchain projects they may lack the time, resources, and in depth research required to make informed decision. On the other hand, there are multiple genuine cryptocurrencies and ICO projects that have viable products, and world class teams that have the ability to execute the vision and deliver revolutionary solutions within the space and this is where Ethereum Classic Vision fits in and the team has developed 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.
ETHEREUM CLASSIC VISION
Ethereum Classic Vision (ETCV) is an Ethereum hard fork that utilizes the best of both worlds — a true decentralization of Ethereum Classic and advanced protocols developed for ETH, such as Po mining and sharding. With its enormous scaling potential, high speed, and great appreciation for miners, Ethereum Classic Vision is the final answer to today’s market challenges. During the difficult period that will come on January 11, 2019, all Ethereum holders will receive 3 ETCV for each ETH in their personal wallets.
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 — 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 (POS) mechanism is still years away. Prizes for miners will be lowered and rental fees will be introduced for smart contracts. Giant mining groups will need more power, and individual mining will lose economic sense. Ethereum has failed its supporters — and its price will keep falling.
Ethereum Classic Vision is a new digital currency that intends to bridge the gap between hope and reality. Being the hard-fork of Ethereum, the system will use the most advanced solutions offered for the world’s second largest digital currency, while still maintaining the ideals of decentralization. This project will combine technologies such as sharding, P2P asset sharing, dApp development 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.
Ethereum Classic Vision hardens the majority of the three highlights that an extremely convincing blockchain must have: decentralization, flexibility, and security. It offers diverse fundamental focal concentrations over ETH, ETC, and BTC:Proof-of-Stake
A more efficient, secure, and profitable mining protocol that will keep the network fully decentralized.
Sharding
ETCV network will be able to process 25000+ transactions per second as compared to just 25 in ETH.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.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.IPFS integration
Cheap decentralized file storage for your dApp.
ETH proof-of-Stake advantages
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.
Why Ethereum Classic Vision?
Ethereum Classic Vision combines all three features
must be owned by a truly successful blockchain: decentralization, scalability, and security. This offers a number significant advantages over ETH, ETC, and BTC:
Note: You must hold ETH in your personal wallet (Jaxx, Coinomi, MyEtherWallet, Ledger Nano, etc.) to get your free ETCV after the fork. Exchange wallet not accepted!
Bonus program
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
The 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 and they will reward all your efforts!
ETH network snapshot and distribution
The initial distribution of free Ethereum Classic Vision coins will take place after a snapshot of the ETH network, which is scheduled for January 11, 2019 (20:00 GMT). Taking a network snapshot constitutes a standard practice for cryptocurrency hard forks and produces a list of all blockchain addresses containing a certain coin or token.
Any user who is found to hold Ethereum coins in their private wallet at the moment of the snapshot will receive free Ethereum Classic Vision coins at a 3:1 ratio. For example, a user who holds 100 ETH in a private wallet (such as Coinomi, Jaxx, or Ledger Nano) will be able to claim 300 ETCV for free. It is crucial to stress that only ETH stored in personal wallets (desktop, mobile, or cold storage) are eligible for free ETCV after the hard fork. Users who hold their ETH in exchange wallets cannot claim the reward.
Once the snapshot is completed, ETH holders will be able to dispose of their coins as they wish, including transferring them to an exchange, selling them, or exchanging them. The amount of free ETCV airdropped to ETH holders depends only on how many coins they own at the moment of the snapshot – not before or after it.
ROADMAP
For more information, please visit the links i have provided below;
Website: https://ethereumcv.io/#subscribe
Whitepaper: https://ethereumcv.io/whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5089443.0
Telegram : https://t.me/ethereum_classic_vision
Twitter: https: //twitter.com/eth_cv
GitHub: https://github.com/ethereumclassicvision
Author: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409