💎EUCLIDEUM – A PoS Network Featuring Delegated Staking.

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The Еuclideum project is the result of the development team’s efforts to resolve these issues as quickly as possible. Waiting another one to two years or more for a more scalable version of Еthereum is not a practical solution.

Еuclideum is a version of the Ethereum blockchain that features Proof-of-Stake consensus and delegated staking. The name of the cryptocurrency itself is Еuclid. Launching a node will require a smaller stake than in Ethereum

📜 Whitepaper – https://www.cocosbcx.io/static/Whitepaper_en.pdf
📝 Website – https://euclideum.com/
📜 Whitepaper – https://euclideum.com/whitepaper.pdf
📝 Twitter – https://twitter.com/euclideum
📝 Facebook – https://www.facebook.com/euclideum.network
📝 Medium – https://medium.com/@Euclideum
📝 Telegram – https://t.me/euclideum_chat
📝 Ann Thread – https://bitcointalk.org/index.php?topic=5266231

Автор
📄 Мой Bitcointalk Аккаунт – ctynuklow
📄 Мой Bitcointalk Профиль – https://bitcointalk.org/index.php?action=profile;u=1504459
📄 Мой Эфириум Кошелек – 0x12AcE099bdCAeFD574DD2ad826D82892D5AEee05

#Euclideum #ECL #ProofOfStake

Hello.
You are on the Nel For Bit channel.
Today we will talk to you about the Euclideum
project.
Two years after Vitalik Buterin announced
the Serenity project at Devcon in 2018, Ethereum
2.0 remains a project, not a reality.
The launch of the new, scalable Proof-of-Stake
network has been delayed many times.
Numerous testnets – Schlesi, Witti, Atona
and now Medalla – are all steps in the right
direction, but the goal remains distant.
The launch of Phase 0 is now scheduled for
December 2020 or January 2021, but it’s likely
to get delayed once again.
Meanwhile, the pressure on the Ethereum network
keeps mounting and we are seeing more and
more lags and freezes and increases in fees.
From just $0.05 per transaction, the miners
fee has grown to $1.5.
Ethereum isn’t the fast and near-free means
of payment that it once claimed to be.
The Euclideum project is a result of the efforts
of a group of developers to solve these problems
as fast as possible.
Waiting for another year or two or more for
a more scalable version of Ethereum isn’t
a practicable solution.
Euclideum is a version of the Ethereum blockchain
that features Proof-of-Stake consensus and
delegated staking.
The name of the cryptocurrency itself is Euclid.
Launching a node will require a smaller stake
than in Ethereum (30 ECL vs 32 ETH).
Users who don’t want to bother with a node
will be able to delegate their ECL coins to
one of their choice and receive a share in
the rewards, like with Cosmos or Tezos.
At launch, the expected processing capacity
of the Euclideum blockchain is circa lOOtps,
with an average block time of 10 seconds.
Already at this stage, transactions will take
2-3 times less time to process than on Ethereum.
Euclideum will also introduce sharding on
a testnet soon after launch, with 4 initial
shards.
Splitting the blockchain into substates is
a good scaling solution, and it can potentially
increase the capacity to 10,000 tps or more.
However, a testing period is required before
sharding is rolled out on the mainnet.
Euclideum also has its own liquidity protocol,
Ptolemy, and a decentralized exchange (DEX)
under the name of ArchimeDEX.
The exchange will support ECL, ETH, ETC, ERC20
assets, and all the assets created on the
Euclideum blockchain.
ArchimeDEX will feature direct asset swaps
to minimize fees and adjustable fees to ensure
that all transactions go through.
Euclideum coins will be distributed in a large
scale airdrop after a snapshot of the Ethereum
network, scheduled for August 27, 2020.
Every ETH holder is entitled to 3 free ECL
coins for each 1 ETH they store in their wallet.
The snapshot will show how many ECL every
user should be airdropped.
Holders don’t need to give up their ETH to
get ECL, though: the distribution is completely
free.
At first ECL will be distributed as an ERC20
token.
When the blockchain is launched, ECL holders
will be able to swap
Apart from the airdrop, users will have several
ways to obtain free ECL coins.
They can participate in the marketing bounty
campaign, bug bounty, referral program, or
a voluntary KYC.
Euclideum can be used for creating decentralized
applications (dApps) and smart contracts,
just like Ethereum.
Developers who build dApps for Euclideum will
receive special grants.
Moreover, any smart contract deployed on the
blockchain will be entitled to a free audit.
The rest of this White Paper deals first with
individual features and innovations of Euclideum
and then with the Euclid cryptocurrency, its
emission and distribution.
Euclideum DApp Ecosystem
This blockchain network also focuses on creating
an ecosystem that supports the development
of decentralized applications (DApps).
The network offers beneficial provisions and
extra incentives to developers, which fosters
the growth of an ecosystem that supports DApps.
Some incentives include:
Grants for the best DApps
Developers who have novel ideas on building
DApps can access grants from the Euclideum
network.
A developer needs to submit a draft of the
DApp that has the potential to offer real
value to the ecosystem to access the grant.
The developer can receive about 300 ECL when
the founding team and community members accept
and approve the idea.
The Euclideum development fund is responsible
for providing these grants; however, users
are free to make donations to support the
ideas.
Free Smart Contract Audit
Euclideum also supports the growth of a DApp
ecosystem by providing the auditing of smart
contracts at no cost to the developer.
The Euclideum development fund is also responsible
for offering this subsidized contract audit.
You were on the Nel For Bit channel.
Thanks for watching.


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