Epilogue : We are a group of scientists,community members who believe in a free decentralized and community governed ledger with no central identity or organization ,we witnessed first hand the problems of Tezos as Cryptocurrency centralized in a "foundation" and "company" we decided to launch our own fork of Tezos without any boundaries or centralized governance the community should have power ,Tezos ICO crowdfund is now worth more than 1 Billion $ giving such ammount to a a centralized group of people is against anything the community and decentralized systems stand for .
The legal hassles of Tezos prevents it's development and proves that the "ICO" operation is nothing but a centralized form of governance .
Initiation: Tezos Classic is 1:1 fork of Tezos but with no ICO and no "foundation" the operational detailed and whitepaper explaining the process will be released by January 1st 2018 .
Tezos Classic uses a hybrid PoW & PoS consensus model , TezosClassic coins [XTC] will be mintable for a certain block-time period once the complete cap of XTC is mined the protocol will move to a PoS consensus only model ,this makes it possible to avoid an "ICO" and mining power will be the only way to create XTC .
Governance:Code is law and proved Code is harder law,meaning that Smart Contract on the TezosClassic ledger are mathematically proven to be correct ,if for any reason a situation like the D.A.O hack is to happen only the community will decide what to do and not "us" or anybody else (Ethereum vs Ethereum Classic) .
Same situation for soft & hard forks only community can approve or reject a protocol update,preserving protocol rules this way assures that Tezos Classic will not be victim to it's own creators decision .
While all blockchains offer financial incentives for maintaining consensus on their ledgers, no blockchain has a robust on-chain mechanism that seamlessly amends the rules governing its protocol and rewards protocol development. As a result, first-generation blockchains empower de facto, centralized core development teams or miners to formulate design choices.
TezosClassic takes a fundamentally different approach by creating governance rules for stakeholders to approve of protocol upgrades that are then automatically deployed on the network. When a developer proposes a protocol upgrade, they can attach an invoice to be paid out to their address upon approval and inclusion of their upgrade. This approach provides a strong incentive for participation in the Tezos core development and further decentralizes the maintenance of the network. It compensates developers with tokens that have immediate value rather than forcing them to seek corporate sponsorships, foundation salaries, or work for Internet fame alone.
TezosClassic instantiates new technical innovations but also enforces types of constitutionalism through the use of formal proofs to mathematically verify that key properties are upheld over time. By allowing stakeholders to coordinate on-chain, the network also allows for the creation of bounties to implement specific features or discover bugs. Collectively, the network maintains the decentralized aspect of blockchains while introducing a mechanism to enable collective decision making. TezosClassic tokens not only power smart contracts in the network, but also allow votes on protocol amendments. The initial TezosClassic rollout is simple by design, but its self-amending nature means that the rules governing the network can be improved over time.
Funding: We believe that the "initial backers" situation of tezos where "tezzies" where distributed to "advisors" and "hedge funds
" was unfair to the people,the team behind TezosClassic will rely on community donations only ,we hope that the community will understand this situation and provide donations for a successful continuation of TezosClassic development.
Specification : - Algorithm : Blake-256 + Scrypt
- Cap : 48 Million XTC
- Block Time : 90
- Block reward : gradually increasing from 500
Roadmap : - TezosClassic Mainnet released
- TezosClassic Wallet + Staking started
- TezosClassic Website + Whitepaper
- TezosClassic governance rules and staking will be effectively operational
- TezosClassic allocation to be burned .
- Smart Contract Operational
- TezosClassic Agreement Protocol
- Observation of governance rules and continual development of node software and clients
- Open Organization Developement : TezosClassic software will be developed by the community any new rule a.k.a (Tezos Classic Implementations Agreement) that are similar to Bitcoin B.I.P.S will be decided upon by the community for example if a software update is to be approved it requires overall community vote using TezosClassic own Governance system and can be reverted by this same system (Self-amending)
Links :
- TezosClassic Github Mirror :
https://github.com/camerlangue/tezosclassic (this a non updated mirror to the private repo )
- TezosClassic Website : | soon |
- TezosClassic Blog : | soon |
- TezosClassic Point of Contact (temporary) : camerlangue
Upon successful donation campaign and release by 1st January we will release a blogpost explaining more and updated roadmap .
Donation Address :- Bitcoin : 1QLR5arC1E2sahQBuXBfeWmUW1nXLcu9As
- Ethereum : 0x9e28D955e8f56f1b055470A292068A79b12bF42c
Current Situation :- The TezosClassic team has been secretly working on Tezos fork for one month now we decided that only if the community believes in us we shall follow with the release ,if we see an active community we assure you that we will be true to our decision and follow up with TezosClassic developement .
Help us bring an idea corrupted by financial incentive to life in a community governed world , XTC Team