Wednesday, January 9, 2019

ETHEREUM CLASSIC VISION

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Ethereum Classic Vision is a hard branch of Ethereum that utilizes the best of both worlds - the true decentralization of Ethereum Classic and the advanced protocol developed for ETH, such as mining Po 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.

Why Ethereum Classic Vision? 
Ethereum Classic Vision combines the three features that 
must be owned by a truly successful blockchain: decentralization, scalability, and security. It offers a number of significant advantages over ETH, ETC, and BTC:

Proof-of-Stake 
A more efficient, safe and profitable mining protocol that will make the network fully decentralized.

There is no rental storage fee. 
Launching a smart contract will be charged at least once; unused contracts can be placed in temporary sleep conditions as a result of voting.

Sharding 
ETCV network will be able to process 25000+ transactions per second compared to only 25 at ETH.

IPFS integration 
Cheap decentralized file storage for your dApp.

Rewards are 
fair Miners ETCV need not worry that their gift will be lowered arbitrarily - in our system, the interests of miners and traders balanced carefully.


Evidence-of-Stake Excellence ETH 
Resource efficiency 
Lower costs mean that mining ETCV will benefit individual miners with hardware as simple as Raspberry Pi

Stability 
ETCV holders get more coins at stake, so there is no motive to sell - thus, the ETCV price will go up instead of falling.

Security 
If block validators break the rules or act badly, they lose their savings and deposit status

Real decentralization 
There is no risk that giant mining collections will take over control of the ETCV blockchain - it will remain independent of any central authority

The technical feature of the 
Ethereum Classic Vision project aims to solve the big problems facing Ethereum, including scaling, mining inefficiency, and high data storage costs. The transition to Proof-of-Stake, described in Chapter 1, is a key element of this plan, but a number of modules and additional features will also play an important role. This section introduces the solution proposed by Ethereum Classic Vision, its advantages, and the implementation plan.

VisionDEX - a decentralized exchange of 
Classical Vision Ethereum follows the principles of decentralization and true independence 
promoted by Ethereum Classic and lost on Ethereum as we know it today. Therefore, 
one of the priorities of the founding team was to provide a way for Ethereum Classic Vision users 
to carry out market operations without relying on centralized exchanges. Integrating a 
decentralized P2P cryptocurrency exchange - called VisionDEX - will ensure that 
Ethereum Classic Vision Holders will hold full control of their assets and will not lose 
them to hackers as they do on exchanges such as Coincheck ($ 500 million stolen),
Coinrail ($ 40 million) and even what should be decentralized (and actually hybrid) 
Bancor ($ 23 million). P2P exchanges such as VisionDEX also protect users from being 
closed by the authorities (as happened in many centralized exchanges in China and China) 
Korea), bankruptcy, and malicious actions from the organizers. 
On VisonDEX, all the main functions - asset exchange, order matching, and 
book order handling - will be carried out using smart contracts. In particular, smart contracts will 
function as untrustworthy multisig escrow, holding the currency sent by the buyer until 
the matching amount in another currency is received from the seller.
Exchange will be built based on the principle of currency neutrality: it will allow users to do so 
not only save ETCV, but also ETH, ETC, ERC20, BTC, BCH, XLM, and 
others. All digital assets created using the EtherEum Classic Vision dApp platform (see 
punch) can also be registered on the stock and available to buyers even before 
the project launch. This means that VisionDEX can be used as a fundraising platform to 
block startups and to offer initial tokens. Anonymous trade will
available. Because VisionDEX will be hosted by many nodes on the Ethereum Classic Vision Network, its downtime is estimated to be close to zero. Liquidity will be provided by a combination of private and public reserves.

Footage and distribution of ETH networks
The initial distribution of the free Ethereum Classic Vision coin will be made after a snapshot of the ETH network, which is scheduled for January 11, 2019 (20:00 GMT). Taking a network snapshot is a standard practice for cryptocurrency fork and generates a list of all blockchain addresses that contain certain coins or tokens. Every user found holding Ethereum coins in their personal wallet when a snapshot will receive a free Ethereum Classic Vision coin with a ratio of 3: 1. For example, a user who holds 100 ETH in a personal wallet (such as Coinomi, Jaxx or Ledger Nano) will be able to claim 300 ETCV for free. It's important to emphasize that only ETH stored in a personal wallet (desktop, cellphone, or cold storage) is eligible for free ETCV after a hard fork. Users who hold ETH in an exchange wallet cannot claim prizes. After the snapshot is complete, ETH holders will be able to throw their coins as they wish, including transferring them to the stock, selling them, or exchanging them. The number of free ETCVs that are transferred to ETH holders depends only on how many coins they have when the photo is taken - not before or after.


For more detailed information about ETCV visit the link below:


author: jordan abe 
Eth: 0x9D70781Bd6A09c1359C956D5FeAf25483b5b63e9

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