As the most popular and widely used centralized cryptocurrency exchanges in recent years have received significant influence. Centralized exchanges control the authority to create or destroy blockchain projects, and, as a rule, they are the only enterprises that remain profitable, regardless of the level of volatility and volatility that the cryptocurrency market faces.
The tremendous wealth and influence that centralized exchanges possess has led to serious unethical acts of market manipulation and their exploitation, which emphasize precisely the reasons why decentralized exchanges are needed now more than ever.
The shocking information was disclosed by a crypto trader named Sylvain Ribes, where he believes that much more than $ 3 billion of all crypto assets was fabricated and unrealistic, and that OKex, which is the number one exchange in terms of volume, is the main violator up to 93% of its volume is counterfeit.
In addition, another trader points out the alarming fact that the NASDAQ Stock Exchange charges less than $ 200,000 for listing of mega-companies, while many centralized cryptobirds are trying to charge more than $ 500,000 for listing.
Influential cryptocurrencies and many other people on the Internet start telling various bad stories about how centralized exchanges work just as corruptly as any ordinary centralized organization that has too much power and influence if not controlled.
The tremendous wealth and influence that centralized exchanges possess has led to serious unethical acts of market manipulation and their exploitation, which emphasize precisely the reasons why decentralized exchanges are needed now more than ever.
The shocking information was disclosed by a crypto trader named Sylvain Ribes, where he believes that much more than $ 3 billion of all crypto assets was fabricated and unrealistic, and that OKex, which is the number one exchange in terms of volume, is the main violator up to 93% of its volume is counterfeit.
In addition, another trader points out the alarming fact that the NASDAQ Stock Exchange charges less than $ 200,000 for listing of mega-companies, while many centralized cryptobirds are trying to charge more than $ 500,000 for listing.
Influential cryptocurrencies and many other people on the Internet start telling various bad stories about how centralized exchanges work just as corruptly as any ordinary centralized organization that has too much power and influence if not controlled.
Since the blockchain is almost constant and constant, if you can run a program in a blockchain such as Ethereum, and not in a general distributed book, we can get many advantages. First, you can trust your code on Ethereum.
The code that runs on a regular server does not know exactly what is happening on the real server. If all the code and the steps performed are visible to the blockchain participants, users will be able to trust the service. Secondly, the stored code and data remain “almost” forever. For this reason, it can be used as a permanent data store that should not be modulated.
A program running in the Ethereum blockchain is called a decentralized application or DApp. Currently, the Ethereum ecosystem is the best place to create a decentralized application; It has excellent documentation and user-friendly interface, fast development time, security for small applications and the ability of applications developed on the Ethereum blockchain to easily interact with each other.
Ethereum actually has programming languages such as Solidity and Serpent, and the program can be implemented using these languages. After compiling the program, it is converted to bytecode, and there is an operation code corresponding to bytecode. Another interesting thing is the full computational Turing ability.
The code that runs on a regular server does not know exactly what is happening on the real server. If all the code and the steps performed are visible to the blockchain participants, users will be able to trust the service. Secondly, the stored code and data remain “almost” forever. For this reason, it can be used as a permanent data store that should not be modulated.
A program running in the Ethereum blockchain is called a decentralized application or DApp. Currently, the Ethereum ecosystem is the best place to create a decentralized application; It has excellent documentation and user-friendly interface, fast development time, security for small applications and the ability of applications developed on the Ethereum blockchain to easily interact with each other.
Ethereum actually has programming languages such as Solidity and Serpent, and the program can be implemented using these languages. After compiling the program, it is converted to bytecode, and there is an operation code corresponding to bytecode. Another interesting thing is the full computational Turing ability.
Ethereum is unstable. A “complexity bomb” is built into the Ethereum code, a part of the code that reduces the mining efficiency of new blocks until the verification process completely stops. None of the proposals for improvement offers a real solution, and the promised transition to a mechanism for checking rates is still far away. Miner rewards will be reduced, and rents will be introduced for smart contracts. Giant mining pools will receive more and more energy, and individual mining will lose economic sense. ETH let down its supporters - and the price will continue to fall.
End of Ethereum Classic
A key development team of Ethereum Classic (ETC) abandoned the project due to lack of funding. The original decentralized cryptocurrency can not be saved - it's time for a hard fork.
A key development team of Ethereum Classic (ETC) abandoned the project due to lack of funding. The original decentralized cryptocurrency can not be saved - it's time for a hard fork.
Ethereum Classic Vision (ETCV)
To solve the above problems, Ethereum Classic Vision (ETCV) is present.
Ethereum Classic Vision (ETCV) is a new cryptocurrency designed to bridge the gap between hope and reality. Ethereum hard fork, it will use the most advanced solutions proposed for the second largest digital currency in the world, at the same time maintaining the ideals of decentralization.
ETCV Advantage
Ethereum Classic Vision (ETCV) is a combination of three functions that a truly successful blockchain should have: decentralization, scalability and security. In addition, the ETCV offers a number of significant advantages over ETH, ETC and BTC:
** Proof-of-Stake **
A more efficient, secure and profitable mining protocol that will ensure complete network decentralization.
To solve the above problems, Ethereum Classic Vision (ETCV) is present.
Ethereum Classic Vision (ETCV) is a new cryptocurrency designed to bridge the gap between hope and reality. Ethereum hard fork, it will use the most advanced solutions proposed for the second largest digital currency in the world, at the same time maintaining the ideals of decentralization.
ETCV Advantage
Ethereum Classic Vision (ETCV) is a combination of three functions that a truly successful blockchain should have: decentralization, scalability and security. In addition, the ETCV offers a number of significant advantages over ETH, ETC and BTC:
** Proof-of-Stake **
A more efficient, secure and profitable mining protocol that will ensure complete network decentralization.
Ethereum Benefits for Checking Bids
1-Network ETCV
Sharding will be able to process more than 25,000 transactions per second compared to 25 in ETH.
Sharding will be able to process more than 25,000 transactions per second compared to 25 in ETH.
2- No storage rent. When
starting a smart contract a minimum one-time fee is charged; An unused contract may be placed in a state of temporary sleep as a result of a vote.
starting a smart contract a minimum one-time fee is charged; An unused contract may be placed in a state of temporary sleep as a result of a vote.
3-Fair Remuneration
ETCV miners do not have to worry about their rewards being arbitrarily reduced - in our system, the interests of miners and traders are carefully balanced.
ETCV miners do not have to worry about their rewards being arbitrarily reduced - in our system, the interests of miners and traders are carefully balanced.
4-Integration with IPFS
Cheap decentralized file storage for your Dapp.
Cheap decentralized file storage for your Dapp.
ETCV Technical Project
The project will combine technologies such as sharding, P2P or VisionDEX asset sharing, decentralized application development tools and decentralized file storage using the Interplanetary File System (IPFS). Starting with the Proof-of-Work (PoW) system, it will later offer stable rewards for transaction validators through the implementation of Proof-of-Stake (POS), while at the same time creating an optimal environment for the deployment of new assets. ,
The project will combine technologies such as sharding, P2P or VisionDEX asset sharing, decentralized application development tools and decentralized file storage using the Interplanetary File System (IPFS). Starting with the Proof-of-Work (PoW) system, it will later offer stable rewards for transaction validators through the implementation of Proof-of-Stake (POS), while at the same time creating an optimal environment for the deployment of new assets. ,
ETCV roadmap
Snapshot and distribution of the Ethereum network The
free distribution of Ethereum Classic Vision (ETCV) coins will be made after the snapshot of the Ethereum network, which is scheduled for January 11, 2019 (20:00 GMT).
Each user's wallet found (Jaxx, Coinomi, MyEtherWallet, Ledger Nano, etc.) contains Ethereum coins in his current personal wallet.
Pictures will receive free Ethereum Classic Vision coins in the ratio of 3: 1 (users who have an ETH in the exchange wallet cannot claim prizes). After the snapshot is completed, the owners of ETH will be able to transfer it to the exchange, sell or exchange. The number of free ETCVs sent to ETH owners depends only on how many coins they have at the time of shooting - not before or after.
So for now, make sure you keep Ethereum in your personal wallet and get a free ETCV with a 1: 3 ratio after Hard-Fork. do not miss this opportunity.
Follow Bounty Ethereum Classic Vision, for more information visit:
Website: https://ethereumcv.io
Information document
: https://ethereumcv.io/whitepaper.pdf
Twitter: https://twitter.com/eth_cv
Telegram: https://t.me/ethereum_classic_vision
Github: https: // github.com/ethereumclassicvision
ANN: https://bitcointalk.org/index.php?topic=5089443.0
Website: https://ethereumcv.io
Information document
: https://ethereumcv.io/whitepaper.pdf
Twitter: https://twitter.com/eth_cv
Telegram: https://t.me/ethereum_classic_vision
Github: https: // github.com/ethereumclassicvision
ANN: https://bitcointalk.org/index.php?topic=5089443.0
Authors: Loksyun
My Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1886140;sa=summary
My ETH: 0xd0d8c8e966efC43d681a33f2536fD44AfDf8c827
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