[ANN] [ProgPoW] Ethereum Basic - MEETING THE CHALLENGES OF SCALING 🚀🚀🚀

[ethereumbasic]

Ethereum Basic

The recent upgrades in the Ethereum network – St Petersburg and Constantinople – have been wrought with controversy and exposed many deep issues. One thing that has become clear is that true decentralization has no place in Ethereum: most developers failed to have their proposals and opinions considered. Only a few figures ultimately decided the future of the network, leading to the introduction of such controversial measures as block reward reduction. At the same time, the presence of the so-called “difficulty bomb” - even though defused for the next 12 months – functions as a pressure factor that forces miners to accept each new upgrade.
The launch of Constantinople also demonstrated that the key problems – scalability, gas fees, and efficiency – will take a very long time to be solved unless decisive measures are taken. The proposed transfer to Proof-of-Stake mining may take another several years, the network will remain slow, and the volatility of transaction fees will stay high.

Ethereum Basic is a new cryptocurrency that focuses on resolving the most urgent issues of Ethereum and at the same time promoting decentralized governance. The developers behind Ethereum Basic see the following problems as requiring immediate attention:

- Scaling: increasing network capacity using on-chain and off-chain solutions;
- Removing the difficulty bomb to decrease pressure on the miners to accept future upgrades;
- Transfer to PoS that should be complete and comprehensive, not partial as foreseen by the Casper framework;
- Implementing ASIC-resistance;
- Gas fee optimization;
- Making the network more currency-agnostic;
- More incentives for full nodes;
- Introduction of a functional voting mechanism.

A snapshot of the ETH network will be take on May 16, 2019, and 16:00 GMT. All ETH holders will be entitled to free ETBC coins at a 1:1 ratio. Please note that only personal blockchain wallets can participate in the distribution of ETBC.

Network launch date: May 26, 2019, 16:00 GMT


Welcome to the Ethereum Basic:

Website - https://ethereum-basic.com
Wallet - https://etbcwallet.com
Whitepaper - https://ethereum-basic.com/whitepaper.pdf
Github - https://github.com/ethereumbasic
Bounty - https://bitcointalk.org/index.php?topic=5141079
Twitter - https://twitter.com/EthereumBasic
Facebook - https://www.facebook.com/Ethereum-Basic-447410822676229
Telegram - https://t.me/EthereumBasic

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[XxsmasxX]

Pré miner?

[thin]

Ethereum Basic is a new cryptocurrency that focuses on resolving the most urgent issues of Ethereum and at the same time promoting decentralized governance. The developers behind Ethereum Basic see the following problems as requiring immediate attention:

- Scaling: increasing network capacity using on-chain and off-chain solutions;
- Removing the difficulty bomb to decrease pressure on the miners to accept future upgrades;
- Transfer to PoS that should be complete and comprehensive, not partial as foreseen by the Casper framework;
- Implementing ASIC-resistance;
- Gas fee optimization;
- Making the network more currency-agnostic;
- More incentives for full nodes;
- Introduction of a functional voting mechanism.

so you have basically 2 weeks before launch. How many these 'immediate' problems you can touch before launch?  So far you just forked existing sources...
do you have a team? or are you going to do it solo?

Pré miner?

it is forked coin, everyone who has eth has 'premine'

[RomanPetrush]

to be honest looks like a scam.

[adrianto1995]

After ETCV and ETN, now Ethereum Basic



I believe who made this scammy project is the same person who made ETCV too
PMed ICOEthics to investigate this one

~snip~
Bounty - https://bitcointalk.org/index.php?topic=5141079
~snip~

wut a bounty? Only stupid people who want to spread this shit project

[masterpro.site]

res

[Iellan]

I wanted to know if there would be further information about the project developers themselves on the forum? it would be interesting to read

[bassbity]

Will this be exactly like ETCV which is the tip of the scammers also I want to know more clearly.

[coinbitcoin91]

Is this a new coin on the network Ethereum? What is the initial price?

[Kirand]

I wanted to know if there would be further information about the project developers themselves on the forum? it would be interesting to read

Let's hope that this info will soon be added, but few people now trust in new projects

[Zianingbu]

Will this coin be added to the coinmarketcap.com  website?

[thin]

Is this a new coin on the network Ethereum? What is the initial price?

I don't see in the announcement exact plan to move to any exchange, and it is  not ICO, so how do you determine price?

[Trader_13]

Will you make bonus programs? Or something like that?

[dolcevita99]

Well, you came up with a project that can solve some of the problems that arise in the Ethereum network at the moment. Let's see the action in the future.

[asritajudin]

A lot of questions have been asked that are still waiting for answers from the dev/team, what i willlike to add to the already raised questions is whether this project is an ICO project or otherwise ?

[DarkSoul1]

Well, you came up with a project that can solve some of the problems that arise in the Ethereum network at the moment. Let's see the action in the future.

Of course, it will be difficult to do in reality, but in reality, although I have seen many such projects that were not successful

[BTCReporting]

A lot of questions have been asked that are still waiting for answers from the dev/team, what i willlike to add to the already raised questions is whether this project is an ICO project or otherwise ?

Right now there are very few projects on the market that carry out ICO, now a new trend is an IEO, although a lot of people are against everything

[Iellan]

A lot of questions have been asked that are still waiting for answers from the dev/team, what i willlike to add to the already raised questions is whether this project is an ICO project or otherwise ?

Right now there are very few projects on the market that carry out ICO, now a new trend is an IEO, although a lot of people are against everything

There are users from the old and the new school, just as each person chooses a project for himself individually and it’s hard to guess what people will like more, because you cannot please everyone.

[Denreal]

Well, this looks like a problem solver and an upgrade for ethereum, but I do not think it gas the ability or capacity to solve the problem, because it does not look real.

[Cybulen]

I can't quite understand why Ethereum Basic is better than normal Ethereum?