The main objective of Ethereum Classic Vision is to create a truly decentralized, trustless economy that can serve as a base for a wider adoption of cryptocurrency payments and real-life applications of blockchain. To make this a reality, we will combine the integrity and commitment to decentralization that is characteristic of Ethereum Classic with the power and variety of technological solutions developed for Ethereum. With its decentralized exchange, platform for dApps, and upcoming decentralized file storage and sharding features, Ethereum Classic Vision will be a fast, secure, cheap, and user-friendly environment. The implementation of a Proof-of-Stake consensus protocol will ensure energy efficiency, equal level of security for projects of all sizes and at all stages of development, and fair distribution of mining rewards.
ETCV coins will be distributed for free among ETH holders after a network snapshot on January 11, 2019. In the following several months, ETCV will be listed at a number of large cryptocurrency exchanges (the project team is currently conducting negotiations with several of them) and launch its dApp development framework, where blockchain startups will be able to create and deploy new services, adding their assets to a specially build P2P exchange – Vision DEX.
The team of Ethereum Classic Vision firmly believes that the current problems of Ethereum cannot be resolved in the short term. Recent protracted discussions on the switch to PoS and implementation of sharding and second-layer payment protocols (like Plasma and Raiden), which are not accompanied by any concrete actions, demonstrate that the expected evolution of Ethereum will take years. As the ETH network becomes slower and more congested and consumption of electricity by the mining industry keeps growing rapidly, faster and more decisive measures need to be taken to produce real change. Ethereum Classic Vision presents a model of such change – a versatile environment that looks decisively forward and looks to efficiently balance decentralization, scaling, and security.