ETHEREUM CLASSIC VISION – PROVIDING SOLUTIONS TO THE DRAWBACKS FACING THE ETHEREUM NETWORK.

in #cryptocurrencies6 years ago

big_logo.png

When the concept of bitcoin and cryptocurrency emerged way back 2009, people didn’t actually believe in its capabilities so were feeling reluctant to accept it. As time went by, people started accepting it as they realized how transactions, even across different continents, on the blockchain were relatively, faster, secured, anonymous, cheaper, etc than the traditional system of transactions. As the number of people using the technology kept increasing, it positively affected the prices of the digital currencies and more projects with their respective coins began to see the light of the day.

Unfortunately, the cryptocurrency market is currently facing difficult times which some people were even thinking that was going to be the end of digital currencies. Their prices have kept going down, transactions are still slow and mining rewards keep depreciating. While all proposed solutions to curb them are still not helping. The best solution for most of the issues on the Ethereum network is to switch from the proof-of-work alogarithm to proof-of-stake alogarithm but unfortunately it appears this transition is never going to happen because it requires higher resources and complex processes.
I would like to introduce to you an upcoming digital currency known as Ethereum Classic Vision which is envision to provide realistic and achievable solutions to all these problems in a timely manner. Ethereum Classic Vision is a hard fork of Ethereum whose platform is only going to use the proof-of-work during the initial period and later switch to proof-of-stake smoothly. The proof-of-stake offer a lot of competitive advantages over the proof-of-work in that, the former requires lesser energy for mining, offer fair distribution of rewards, is absolutely decentralized, more secured and stable than the later.

Apart from the transition from proof-of-work to proof-of-stake, which is the key element, the Ethereum Classic Vision platform has other important features such as VisionDEX, which is an absolute decentralized exchange platform where all major functions are carried out using smart contracts; a subplatform for developing new decentralized applications; application of the Sharding model, and many more. The main objective of Ethereum Classic Vision is to increase real world usage of the blockchain technology and ensure security and decentralization in its transactions.

The good news is that; Ethereum Classic Vision is offering initial airdrop of Ethereum Classic Vision coins (ETCV) for free to all users who hold Ethreum in their private wallet which is schedule on the 11th of January 2019 (20:00 GMT) in a ratio of 1 ETH : 3 ETCV. It should be noted that the amount of ETH in your private wallet just at the time of the snapshot will only be taken into account.
Readers can use the following links to read more about this promising project:

Hard fork Ethereum - Ethereum Classic Vision - 11.01.19
—----------------------------
Whitepaper: https://ethereumcv.io/whitepaper.pdf
Website: https://ethereumcv.io/#subscribe
My BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1982533

Sort:  

Nice project. This is really an amazing project and needs our support.

Awesome project, Ethereum just got better

I think almost everybody is talking about this hardforks of the Ethereum network and i think it is a great thing that the team has decided to do to make the network more stable and also more decentralized. Great job team, wish i could know the number of ectv to run a node on this network.

Congratulations @dacosta! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 500 upvotes. Your next target is to reach 1000 upvotes.

Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

SteemWhales has officially moved to SteemitBoard Ranking
SteemitBoard - Witness Update

Support SteemitBoard's project! Vote for its witness and get one more award!

a great read. We hope this brings changes to the ethereum network.

Coin Marketplace

STEEM 0.20
TRX 0.15
JST 0.030
BTC 65185.94
ETH 2630.94
USDT 1.00
SBD 2.83