About the up and coming hardfork Ethereum Classic Vision

in #blockchain6 years ago (edited)

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Ethereum Classic Vision is another cryptographic money that plans to overcome any issues among expectation and reality.Being a hard-fork from Ethereum the framework will utilize the most advanced arrangements offered for the world's second biggest computerized currency,while as yet keeping up the standards of decentralization.

This venture will consolidate advances, for example, sharding,P2P resource sharing,dApp improvement apparatuses, and decentralized record stockpiling utilizing IPFS. Beginning with a PoW-based system,it will later offer a steady reward for exchange validators through Evidence-Betting recognition.While in the meantime making an ideal situation for making new resources.

Ethereum Classic Vision Advantage

Ethereum Classic Vision (ETCV) joins each of the three capacities that an extremely effective blockchain ought to have:

  • decentralization

  • Scalable

  • Security.

ETCV offers various noteworthy favorable circumstances over Ethereum, Ethereum Classic and Bitcoin:

  • Stake Proof

A progressively effective, secure, and beneficial mining convention that will guarantee finish organize decentralization.

  • No capacity rental expenses

The dispatch of a savvy contract will involve a base one-time charge; an unused contract might be put in a condition of impermanent rest because of a vote

  • Sharding

The ETCV system can process in excess of 25,000 exchanges for each second contrasted with 25 at ETH.

  • IPFS coordination

Shoddy decentralized record stockpiling for your application.

  • Fair rewards

ETCV diggers don't need to stress over their prizes being self-assertively decreased — in our framework, the interests of mineworkers and merchants are cautiously adjusted.

Ethereum is unsustainable

ETH code incorporates a "trouble bomb" structured into it — a bit of code that diminishes the intensity of mining new squares, till the approval strategy stops fully — this can be known as the "Ethereum ice age". None of the improvement recommendations supply a genuine answer — and along these lines the safe change to a Proof-of-Stake instrument keeps on being years away.

Prizes for diggers will be brought down and lease expenses will be presented for sensible contracts. huge mining pools can take ever extra power, and individual mining can lose financial sense. ETH has coming up short its supporters — and its value can continue falling.
ETc.png

Focal system threats

The blockchain innovation, set apart by its decentralization, has been especially obvious in the ethereum organize, which could result in the extension of the limit of the mining ranch, if a lot of the crypto-cash could fall under the control of at least one homesteads. Ethereum Classic Vision Developed a framework to forestall 51% of any ETH-based coin from getting under the control of a solitary financial specialist.

Token subtleties

The Ethereum Classic Vision has its own token sticker called the ETCV. ETCV will be circulated allowed to proprietors of ETH 11 Jan 2019. Throughout the following couple of months, ETCV will be incorporated among the significant cryptographic money trades (the venture group is as of now consulting with a few of them) and will be propelled in its dApp improvement condition, where blockchain new businesses will have the capacity to make and send new administrations, adding their resources for an exceptionally made P2P trade Vision DEX.

The project road map

  • 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, the ?launch of a the ? 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
    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/whitepaper.pdf
Website: https://ethereumcv.io/#subscribe
Your BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2465568

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