Title: [ANN][ICO]Vrenelium: The Sustainable 3rd Gen. Blockchain Ecosystem Post by: s/vrenelium on July 20, 2018, 12:40:42 PM The ICO for Vrenelium is about to start on August, 1st Vrenelium: The sustainable and ecologically responsible 3rd generation Blockchain and Cryptocurrency (VRE) from Switzerland Here are only a few key points that make Vrenelium a unique approach for the future of Blockchain ecosystems:
The unique Vrenelium Double Helix – a combination of PoMW and PoS – makes the Vrenelium Blockchain an advanced, secure and sustainable third-generation Blockchain. A novel approach called Proof of Meaningful Work (PoMW) has been developed for the Vrenelium Blockchain to replace the simple Proof of Work (PoW). While the basic idea to protect the Blockchain by proving that a certain amount of computation was invested to create every single block is worth to be preserved, the current implementation using purely artificial computational tasks (hashing) with the goal to burn enough energy is way too wasteful to be used productively1 and scales very bad. So we decided to keep the good idea but implement it using meaningful computation tasks, so that the energy invested in the proof of computational strength of the miners is used for meaningful computations supporting public scientific research projects (e.g. medical research on cures, chemical research, astrophysical simulations). Aside this PoMW approach, the Vrenelium Blockchain has an additional, adaptive layer of security using the Proof of Stake (PoS) method. So Vrenelium is secure because (in contrast to other Blockchains, which only have a single layer of protection) an attack on its Blockchain would need to fulfil two criteria simultaneously: an attacker would have to possess over 50% of the total computing power available to target the PoMW protection and hold the majority of the stake for an attack on the PoS system. The probability of both conditions being met at the same time is extremely low. The Blockchain is scalable because the self-monitoring network enables parameters such as the ratio of PoS to PoMW to be adjusted continuously according to the current load situation. It is sustainable because the computing power used for PoMW is channeled into meaningful scientific, research and other charitable projects. Furthermore, Vrenelium is ecological because this hybrid approach makes it possible for the first time to achieve a significant reduction in the energy consumption required to secure the Blockchain without having to rely solely on Proof of Stake. The Smart Mempool (SMP) developed exclusively for the Vrenelium Blockchain is powered by Helios machine learning platform. This platform has been developed and trained so it allows transactions to be executed using trust scores even before definitive confirmation is provided via the Blockchain. This means that sellers have an instant and easily understandable indicator of whether or not a payment can be regarded as secure without having to wait for confirmation from the Blockchain. Transactions can thus be settled faster, making the system more suited to everyday use. Smart Contracting Prokyon, the integrated scripting language developed by Vrenelium, can be used to define data and contracts of any kind and any level of complexity in the Vrenelium Blockchain, referred to as smart contracts and store them in a form that is protected against manipulation. Roadmap: 3rd Quarter 2018 ICO - Initial Coin Offering Onboarding of further team members 1st Quarter 2019 Start of Miner Acquisition 2nd Quarter 2019 Start of Vrenelium Testnet 3rd Quarter 2019 Launch of Vrenelium Blockchain Transfer of PVRE ETC20 to VRE Tokens on the Vrenelium Blockchain Launch of VRE Wallets on new Blockchain ICO Figures and Token Economics The total number of VRE ICO Tokens for sale is 22.175.000 VRE. Bounty Program: 1 VRE is offered at 1.30 CHF, with the following bonuses: 1st week: 15%, 2nd week: 10%, 3rd week: 5% Referral bonus 10% Quantity bonus 5% starting at 5000 VRE The Vrenelium AG holds 4.200.000 VRE (70% with a holding period of 2 years). The mathematical limit of Vrenelium coins is 78.000.000 VRE. This limit will be reached with logarithmic approximation in 2070. All VRE ICO Tokens are transferred to the Vrenelium Blockchain 1:1 when it is launched in the 3rd quarter of 2019. More about Vrenelium: Website: https://www.vrenelium.com/ (https://www.vrenelium.com/) Whitepaper: https://www.vrenelium.com/whitepaper.pdf (https://www.vrenelium.com/whitepaper.pdf) Twitter: https://twitter.com/Vrenelium (https://twitter.com/Vrenelium) Facebook: https://www.facebook.com/vrenelium/ (https://www.facebook.com/vrenelium/) https://i.imgur.com/e7b2EJQ.jpg |