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Author Topic: [ANN][ETZ]EtherZero - Fork 1:1 of Ethereum | 0 TX Fee | Masternode | 10000+ TPS  (Read 26263 times)
J@soN
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December 26, 2017, 06:54:33 AM
 #21

Why another fork? This will take forever to sync the wallet only.
I like the masternode and zero tx fee idea.
Good luck!
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befree8
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December 26, 2017, 07:51:00 AM
 #22

Mining algo??

Also, how do you ensure DDOS protection with 0 fees?

Mining algo is the same as Ethereum, it is Ethash algo.

To ensure DDOS protection with 0 fees, we temporarily formulate the following rules, later may modify a little according to the situation:

1.Only when the account balance equal or larger than 1 ETZ can the trade be started.

2.Only when the account balance larger than 100 ETZ can the smart contract be built, to build the smart contract costs certain amount ETZ like 0.1 ETZ, the interaction between users and smart contract is free.

3.Use a brand new trade pool technology, limit the trade amount of one account in the same block, when the trade amount beyond a certain number, the user need to wait to the next block height to start trade again.

4.The algorithm limited the usable trade, calculation, reservation resource etc of an account, which are in direct proportion to the account balance.

5.After the Masternode system put in work, we will also add more intelligent Instant limit protocols and algorithms.



So there are limitations to this zero fees. You need to put that in your OP. If not, you are deceiving people here. I really thought that there should be some loopholes somewhere, creating you 0 fees. Please don't market this project as such if there's a certain set of restrictions.


Thanks for reminding us, we already updated it in the OP.Smiley

[ANN][ETZ]EtherZero:Ethereum Fork|Thousands of TPS|Instant pay|0 TX fee|
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December 26, 2017, 07:53:35 AM
 #23

I think this would be a great project. We do need improved currencies to tackle with problems coming with increase in use.
Recently Ethereum congestion has disrupted the entire market based on it. It also makes us think of a multiple of option for it.

Thanks for your understanding, we wish to make a better smart contract platform which will support more daily using DAPPs to be built Smiley

[ANN][ETZ]EtherZero:Ethereum Fork|Thousands of TPS|Instant pay|0 TX fee|
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December 26, 2017, 07:56:19 AM
 #24

Why another fork? This will take forever to sync the wallet only.
I like the masternode and zero tx fee idea.
Good luck!

Thanks a lot for liking our idea, changes may take some time, but the result can be optimistic.Smiley

[ANN][ETZ]EtherZero:Ethereum Fork|Thousands of TPS|Instant pay|0 TX fee|
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December 26, 2017, 08:04:49 AM
 #25

Which way all ETH holders will be funded by same amount of ETZ? What exchanges or wallets will support it?

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befree8
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December 26, 2017, 10:18:32 AM
 #26

Which way all ETH holders will be funded by same amount of ETZ? What exchanges or wallets will support it?

We will announce this later.:)Please kindly be patient and stay with us.Smiley

[ANN][ETZ]EtherZero:Ethereum Fork|Thousands of TPS|Instant pay|0 TX fee|
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December 28, 2017, 10:49:16 AM
 #27

Great project.

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December 28, 2017, 11:04:21 AM
 #28

Website currently down.. any updates about this project? I don't see anything even in the github profile. Is that an active project or not?
Deborah
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December 28, 2017, 11:14:26 AM
 #29

when will release wallet , just want to get my free etz

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December 28, 2017, 12:37:54 PM
 #30

didn't see kucoin in your exchange list, please consider kucoin too, they support forks https://www.kucoin.com/#/?r=18tcH
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December 28, 2017, 02:25:32 PM
 #31

What about blockchain wallet?
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December 28, 2017, 02:35:40 PM
 #32

Just as curious as everybody else. How many ETZ tokens needed to build a masternode host? Sure if it is a 1:1 ratio snapshot this perspective token will be valuable at ICO. Just as you have estimated, the price will be as premium as ETH.




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doktor1897
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December 28, 2017, 02:44:44 PM
 #33

maybe this will be a big project early next year. but what about mining, are we going to use the same ethash algo with ethereum?

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December 28, 2017, 03:09:22 PM
 #34

As fake as it gets. 3 weeks away, no white paper, no real team, pathetic English grammar.

Update: Medium is empty, GitHub is empty as of 28th Dec 2017
https://www.whois.com/whois/etherzero.org

RED ALERT.
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December 28, 2017, 03:25:14 PM
 #35

It's a long time to that day but sound good.

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December 28, 2017, 04:07:38 PM
 #36

what about myetherwallet eth holders ?
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December 28, 2017, 05:23:59 PM
 #37

What made you pick a 10:1 ratio instead of just 1:1?  Just curious.

There is NO 10-to-1 ... it's 1-to-1 at fork height on January 19th.

Don't spread misinformation.

Carving out my little piece of the Bitcoin Economy
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December 28, 2017, 05:35:05 PM
 #38

You honestly believe that you will become millionaires with such project for 2000euro total investment - 0 idea and 0 skills? If such project works next fork will be mine.

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December 28, 2017, 05:35:52 PM
 #39

0 Transaction fees - that's going to be great, good luck devs!
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December 28, 2017, 08:45:47 PM
 #40

You know what? I'm inherently an anarchist and it is why I've fallen in love with cryptos from the first beginning (unfortunately, as a 3rd world citizen this happened not more than 2-3 years ago).

I hate establishments everywhere and specially in cryptos, I hate Core devs in btc, I hate Vitalik and  Ethereum Foundation, ...

Why? As an anarchist I believe they all are threatening my freedom and my power, my will to power and it is not just about me and them, I think any establishment is a threat for the whole globe. So I say welcome to any coin just for not being thier's.

The bad side of forks is that they inherit the predecessor's distribution. It is not fair Grin
So once I decide to fork my own coin, I'll find a way to redistribute it in a way that some 'super powers' being kicked out of the game, after all thy are the most potentially dangerous threat for such a project because of their ability to dump their airdropped coins. I understand there are more factors in stake other than just coin distribution, but in the first few weeks and months it is the most critical problem, I suppose.


A pessimistic poster here is complaining about this project for being  funded poorly and OP not being a native english writer and so on ... I hate quoting garbages, so I reply  here :

Forking is not a privilege exclusively given to corporates or guys who have joined the crypto party earlier and now have multiple thousands or a couple of million  bitcoins  in their wallets. You don't get the point? We fork just because we don't have that much resources inherited from our parents or won in a lottery and we have not arrived that early.

Actually, I'm paranoid about 'well funded' ICOs and forks. One who investss in forking or initiating coins is looking for nothing less than a right to control the newborn baby doesn't he?

Plus, I'm strongly against the 'developer mania' that is promoted by journalists. Why in the hell a public protocol needs developers?  It doesn't! The most basic idea behind a consensus based public ledger is its resistance to change! We are talking about a public protocol for the christ sake, public protocols are not developer's toys, they can not be changed, for the same reason that nobody can change english language, even developers.

So, there is no need for a 'foundation' to hire semi-genius programmers to maintain the protocol (actually, protocol 'maintains' the foundation Wink ) , there is no need for a roadmap (fuck roadmaps), there is no need for money, for investors, fuck investors. Grin

As of OP's english grammar being weak or broken (like mine  Smiley )
 Are you serious? People should be a native english speaker or get a degree in english literature to fork a coin? Why? I read OP's posts and I understand every single concept s/he has in mind ... isn't it enough? FYI: In an international tech sphere, we use english as a transparent medium, such a device doesn't add value to what it caries around.
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