Fear of the unknown concerning what the future holds for us humans cannot be wished away or be overlooked in man's daily activity on earth. Results of what the future offers later on in life can be either for or against one's wishes or expectations hence is the prevalence of that fear of the unknown outcomes of future events among people. It is very obvious that humans are always in love with results or events that are beneficial, profiteering and full of excitements but no one would love to be associated with events that bring sorrow, losses and regret - these are very big “unthinkable events” for many people!!
Cryptocurrency and blockchain technology has proved in the past few years to be the next tech innovation that would positively rock and disrupt many activities in the world after the internet technology. Cryptocurrency remains a decentralized currency borne out of the blockchain technology. However, the fear of the future factor seems to be on the grips of this infantry but mighty cryptocurrency; but the question is how does fear of future events relate to earning or holding a cryptocurrency / crypto? The answer to this question is not far fetched or thousands of miles away, rather the answer to the question is simplify the unstable price nature of cryptocurrencies. No currency be it fiat or virtual is as volatile as the cryptocurrency, cryptocurrency prices can be in the high heavens now and before one could mention the name “Jack”, its price has plummeted to an unimaginable all time low pricing. This price volatility and unknown future outcomes of cryptocurrencies is a very crucial factor that discourages potential crypto traders and investors hence limiting the wider acceptance or embracement of the blockchain technology.
Introducing Ethereum Classic Vision
Ethereum Classic Vision is a cryptocurrency that is a result or product of the expected hard fork of the mainstream Ethereum cryptocurrency. This new offshoot of the Ethereum cryptocurrency, Ethereum Classic Vision, is a cryptocurrency /blockchain tech that would be identified as a cryptocurrency that is known for its price stability. The big question now is, how does Ethereum Classic Vision intends to achieve a price stability of its cryptocurrency when it is a common knowledge that consciously or unconsciously, price instability and volatility remains almost synonymous with the word cryptocurrency. One of the reasons that contribute to the volatility of cryptocurrencies in the exchange market is the forces of demand and supply of this currency in the exchange market which is a reflection of crypto traders' attitude or response in buying and selling of cryptocurrencies. Although in its initial operations, Ethereum Classic Vision will be using the proof of work algorithm to reach consensus on its blockchain network but later on, it will make a transition to using proof of stake to reach consensus and validate records on its chain. Using proof of stake for consensus and record validation requires miners to stake a substantial amount of coins which will determine the node that will be selected to validate the record and earn a reward in return. By using proof of stake, on a blockchain network, it requires miners to accumulate for themselves more coins/cryptocurrency to stand a chance to earn a reward, hence most of the coins / cryptocurrencies earned by miners in this case, are not pushed back to the exchange for trading rather they are being accumulated in order to help miners achieve their aim, that is, being the node to be selected for record validation and earn reward/coins in return. Since miners of the Ethereum Classic Vision blockchain do not push back their earned cryptocurrencies into the exchange market, it would help in a great deal to maintain stability of the Ethereum Classic Vision Cryptocurrency on the exchange market, because miners won’t be in all that favored position to use their cryptocurrencies to frequently fluctuate the demand and supply factors of the Ethereum Classic Vision Cryptocurrency in the exchange market when making moves to sell their (miners) Cryptos.
Ethereum Classic Vision Cryptocurrency (ETCV)
ETCV is freely distributed to users having Ethereum coins on their private wallets and this will occur after the snapshot of the Ethereum blockchain expected to occur on January 11th, 2019. These ETH holders who now posses ETCV can trade their ETCV when the snapshot is ended.
Hard fork Ethereum - Ethereum Classic Vision - 11.01.19
Here are links for more information:
Whitepaper
https://ethereumcv.io/whitepaper.pdf
Website
https://ethereumcv.io/#subscribe
My Bitcointalk Profile link
https://bitcointalk.org/index.php?action=profile;u=2047938;sa=summary