Our team will be presenting shortly a proposal for a working alternative implementation of the famous "smart contract enabled" technology : Ethereum

Most of the work consists of adapting and blending various existing opensource software including the excellent go-ethereum by Jeffrey Wilcke; our main goal is creating a fully working Ethereum alternative implementation, compatible with the existing protocol and able to seamlessly interact with its blockchain.

With this in mind, we will be doing some important modifications to the current Ethereum specifications :

• Changes in the initial distribution - We will take a snapshot of the Bitcoin blockchain and automatically assign coins based on unspent outputs.
• No fees for computational steps in the Virtual Machine - more on this soon

This project is meant as an experimental research in financial modeling of decentralised systems and it is by no means an attempt to speculate on other group of developers hard work.

More material to be released within this week.