It is the review devoted to new crypto currency - Ethereum Classic Vision which will be created on January 11 by division of the main network Ethereum - not Ethereum Classic-on two independent branches
As the reason next a hard Air forka as it usually happens disagreements served in the team of developers. Creators of Ethereum Classic Vision consider that the main Ethereum Foundation left the initial idea and pulls Air on a bottom therefore they and decided to create the coin which will correspond to classical vision of Efirium put by his creators at the very beginning of creation of this currency in 2014. Besides withdrawal of the main team of developers from Ethereum Classic in connection with insufficient financing of this currency was an incitement to creation of ETCV.
Transition to consensus of mining of Proof of Stake instead of the current Proof of Work which will allow to increase considerably decentralization of network and to make available mining for the most part of community Ethereum Classic Vision and also to provide reliable protection against the attack of 51% which is possible for carrying out at PoW
Introduction of a system of a sharding which will solve Air problems with scalability and will allow to carry out up to 25 thousand transactions per second on assurances of ETCV developers that in hundreds times more than at Bitk's Air, Litecoin and other crypto currencies, and will be able to compete to such figure unless XRP token from Ripple
This division will realize in itself very important problem namely preservation and maintenance of full decentralization and also achievement of the maximum level of safety. Developers very with great dispatch undertook implementation of the project and already literally through some couple of days namely there will be a release of this currency to the public on the eleventh of January. And yes nearly forgot to mention as it will be called. And it will be called Ethereum Classic Vision or in abbreviated form ETCV.
Now I suggest to plunge into advantage of this currency in more detail.
One of such advantages will be the chosen technology of network functioning due to which simpler scheme of production namely mining will be realized that allows miners not to use enormous capacities and simply and to quickly get it. Thereby this network promises around twenty five thousand transactions per second already today that it is very serious advantage on the relations to good old air.
That fact is very interesting as I already told due to use of PoS technology big capacities are not required. Namely therefore to get this currency users can use ordinary desktop computers without any frills that reduces costs of the electric power and already especially on the equipment for mining to the maximum. Everything that to you it will be necessary to have this device for example phone or the simple computer with access to the network the Internet and all. Farther everything simply and clear.
In general as for stability of a coin then too everything is interesting enough very. At the expense of the system of production and storage of any interest it will not be simple to miners to svivat coins but not to store it for receiving profit. For this reason developers prophesy stabler coin than already available. On it so far everything in the following articles we will consider the project in more detail.
Hard fork Ethereum - Ethereum Classic Vision - 11.01.19
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