Gambz: GENERAL OVERVIEW OF ETHEREUM BASIC NETWORK (ETBC)

Minggu, 19 Mei 2019

GENERAL OVERVIEW OF ETHEREUM BASIC NETWORK (ETBC)

GENERAL OVERVIEW

Cryptocurrency can only fulfill their qualities and mission when absolute decentralization is being achieved . There are so many Cryptocurrencies who did not fulfill this decentralization qualities. Today , we are going to discuss on Ethereum Basic (ETBC), a new version of Cryptocurrency , a new Blockchain Network developed to correct the series of challenges encountered in the use of the Ethereum(ETH) Network .The (ETBC) Network has come up with some advance features that will make it more efficient in terms of use and profitability for the users and miners.

There are some lapses in the Ethererum network which ranges from the low scalability , Slow transactions processing, unstable gas fees , Low efficiency , Centralization and more.All these lapses are preventing mass adoption .In other to achieve the goal of mainstream adoption, The Team of Ethereum Basic (ETBC) developers has developed an Ethereum Basic which will be an upgraded version of Ethereum will solve all these aforementioned problems found in Ethereum Blockchain.
Ethereum basic (ETBC) has so many great features which will give the users a good experience in the use of the network, thereby eliminating the shortcomings of the existing Ethereum Network (Eth)

SOLUTION FOR CHANGE

Highlights of the Solution Profer of ETBC Network

The Proof of Stake (PoS) transfer shouldn't be partial, it should be complete .
ETBC Network tends to increase Scaling capacity with the implementation of the off-chain and on chain remedies.
ETCB Network will relieve mining pressure by removing the difficulty bomb on miners to accept future upgrades.
Implementation of ASIC resistance
The ETBC Platform will aware more incentives for the full nodes operators.
Introducing effective a functioning and effective noting system for the decision making in the community
Reduction in the Gas fees .

Ethereum basic has been designed in such a way that it has a scaling capacity which implement both off chain and on chain solution. Miners will enjoy great mining reward and freedom with the use of Ethereum Basic. .Ethereum Basic will create a Decentralized Exchange (XDEX) in which Community will be able to participate in the Platform decision making . Voting right with the coin will be granted to to community in the event of coin listing. The Decision on Upgrade and incentives will be taken by the community unlike their Counterparts which only allow few stakes holder to take decision of the running of the company and imposing unpleasant policies on their miners. Ethereum basic will grant miners an opportunity to mine profitably and the network users will also enjoy low transaction cost , high speed transaction , efficiency and transparency within the Ethereum Base Network.
Currently there are 4 types of wallet available for the Ethereum Basic (ETBC) . The links to the wallet download could be find below
MAC OS: https://etbcwallet.com/
Windows : https://etbcwallet.com/
Linux : https://etbcwallet.com/
Web : https://etbcwallet.com/

ETBC SNAPSHOT

Snpashot of Ethereum Blockchain took place on the 16th 2019 , 16.00 GMT. As at the time i quoted all those who hold ethereum in their private Wallet would have received ETBC in 1:1 Ratio . In the same vein, those who did not receive through the snap shot can participate in Bounty to receive their ETBC.

ETBC ROADMAP