Ethereum Classic Vision is 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 combines all three features that a truly successful blockchain must have: decentralization, scalability, and security. It offers a number of significant advantages over ETH, ETC, and BTC:
Proof-of-Stake
A more efficient, secure, and profitable mining protocol that will keep the network fully decentralized.
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.
Sharding
ETCV network will be able to process 25000+ transactions per second as compared to just 25 in ETH.
IPFS integration
Cheap decentralized file storage for your dApp.
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.
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
The end of ETH Classic
The key developer team behind Ethereum Classic abandoned the project due to lack of funding. The original decentralized cryptocurrency cannot be saved – the time has come for a hard fork.
Get Ethereum Classic Vision via Airdrop
All ETH holders will get free ETCV coins after our hard fork (January 11, 2019). For each ETH in your personal wallet, we will award you with 3 ETCV! Our airdrop is the best way to get our new cutting-edge cryptocurrency without paying a cent. ETH holders can also buy Ethereum online in a safe, low-cost manner by going through this guide. This guide lists out the best online cryptocurrency brokers to buy Ethereum in UK.
OFFICIAL ANN THREAD
Ethereum is unsustainable
ETH 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 mechanism is still years away. Rewards for miners will be lowered and rent fees will be introduced for smart contracts. Giant mining pools will take ever more power, and individual mining will lose economic sense. ETH has failed its supporters – and its price will keep falling.
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!
Claim fork
Our bounty is a fantastic opportunity to get ETCV coins for free – even if you don’t have any ether! Read this crypto bank opinie to know about automation technology to generate more profit. 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 – we will reward all your efforts!
OFFICIAL BOUNTY THREAD
FAQ
Read the FAQ, you may find the answer there.
We believe that many of the technological solutions advanced by the Ethereum Foundation and by the community must be implemented as soon as possible – and not several years from now, as it seems to be happening with Proof-of-Stake and sharding. We disagree with the direction in which Ethereum is moving, which is towards greater centralization and higher fees. We want to preserve the original decentralized spirit of Ethereum – a great cryptocurrency which was unfortunately abandoned by its main development team and probably will not survive.
ETCV is an abbreviation of Ethereum and the ticker (symbol) of the new digital asset that will be created as the result of the planned hard fork.
You have to have some ETH in your private wallet (such as MetaMask, Jaxx, MyEtherWallet, Ledger Nano, etc.). Each ETH holder will receive free ETCV after the fork (planned for January 11, 2019, 20:00 GMT) at a 1:3 ratio. For instance, if you have 100 ETH in your digital wallet, you will receive 300 ETCV after the fork.
We hope to achieve a full transition to PoS mining and validation much faster than it happens in the Ethereum network; the same goes for the implementation of sharding. We will make sure that smart contract owners will keep paying only a one-time deployment fee and will not be forced to pay rental storage fees, as recently announced by Vitalik Buterin. Finally, we plan an integration with the IPFS decentralized storage system and an in-built decentralized exchange to turn Ethereum Classic Vision into a full-scale environment for developing and deploying new digital assets.
Unfortunately not. You must hold ETH in your personal wallet at the moment of the snapshot on January 11 in order to get free ECTV coins.
Yes, definitely, and we will reserve a significant amount of ECTV coins for this purpose. You will be able to earn free ECTV completing simple tasks – creating video reviews, writing about us on Twitter, publishing original blog posts, and so on.
After the fork, you will be able to view your current ECTV coin balance in the wallet here on the official website of Ethereum Classic Vision. In the upcoming months, we will get ECTV listed on a number of leading exchanges and establish partnerships with other popular wallets, so that you can have more possibilities to transfer and sell your ECTV.
Resource
Stability
Security
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
