Release date: June 11 2014 00:00 UTC
PoW: SHA256This is an announcement of the Ethereum256 blockchain release and pre-sale. The goal of the project is to track the Ethereum project capabilities while preserving the current Bitcoin mining infrastructure. Hence, Ethereum256 will use
SHA256 proof-of-work and will be merge-mined with Bitcoin.
Ethereum256 DevelopersThe Eth256 developer team is a set of individuals that love software and the cryptocurrency movement. We also fully believe that Ethereum, in concept, will be a significant advancement of the field. That said, we believe that the current Ethereum team has the wrong motivations and does not have the crypto community best interests at heart. We believe the currency should belong to the people and this is what we are hoping to achieve with this coin release. Towards that end, the development team will be self-funded and will maintain the software in full-time fashion for 1 year after release or until the community takes over, whichever occurs first.
If interested in contributing, please PM with contact info and a brief synopsis detailing how you would like to contribute to the project and we'll get you involved.
Also, we welcome and encourage any members of the Ethereum team that wish to contribute to this truly open and community-benefiting project.
PresaleStart Date: May 12 2014 00:00 UTC
End Date: May 30 2014 00:00 UTC
Address: <to be provided at start>
There will be a presale of Eth256 coins that will run for approximately three weeks. The objective of this presale is to allow non-miners to acquire Eth256 and participate in this new ecosystem (seeing as, on release, it will likely be impossible for a layman to mine any). Any BTC sent to above address between presale start and end date will be guaranteed a spot in the Eth256 presale.
All coins sent to the presale address will be provably burned (the address will be inaccessible, similar to the Counterparty proof-of-burn).Early buyers in the Eth256 presale will receive a bonus, according to the following schedule:
First week: 2000 Eth256 per 1 BTC
Second week: 1625 Eth256 per 1 BTC
Third week: 1250 Eth256 per 1 BTC
IMPORTANT: Please ensure that you send the funds from a bitcoin address where you have control of the private key (like Bitcoin-qt or blockchain.info for example). You will use the same private key to obtain your Eth256 once the coin is launched. The Ethereum256 developers are not responsible for mistakes in the presale process and will not and cannot help correct them.PremineStart Date: May 30 2014 00:00 UTC
End Date: June 11 2014 00:00 UTC
The Ethereum256 blockchain will be started when the presale is completed and will be operated through a pool maintained by the Ethereum256 developers.
Software will be provided for this premine, in a limited fashion, to interested miners who will look to secure the Eth256 network for release. If you are interested in participating in this premine, please send PM with your contact info and proposed amount of hashing power.
All coins generated via this premine (other than the presale coins in the genesis block) will be provably burned at the time of the Eth256 release.
Alpha SoftwareThe Ethereum software is currently alpha-stage and will likely continue to be so in the near future. As a result, the Ethereum256 software will also be alpha stage. Use at your own risk.
ContactThis thread is going to be the official method of communication in addition to r/Ethereum256. We will be adding further communication channels in the near future.
This thread is the official thread for Ethereum256. It will be updated as the project evolves and posts by this user should be considered the authority on the project. The thread is self-moderated, for stupidity only