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Join The Etherecash Token PreSale Invitations

Etherecash can significantly improve transparency, security and reliability using Smart Contract technology which is lawyer backed, to provide peer to peer loans backed by crypto. more info visit https://www.etherecash.io/

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Join The Etherecash Token PreSale Invitations

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  1. Update: Byzantium Metropolis Hard Fork on EthereumBlockchain https://etherecash.io/

  2. The Ethereum platform is a vast ecosystem of Smart Contracts and distributed applications. Over 150 different tokens or Cryptocurrencies are issued on the platform till date. And many more being created using the Ethereumblockchain. The rise of Initial Coin Offerings aka ICOs has also fueled the birth of manyaltcoins. Also, the number of distributed applications built on the platform are on their way to touch the four-digit mark. Like any behemothsoftware system, the Ethereum platform needs updates to be better than yesterday. https://etherecash.io/

  3. What is a Hard Fork? The blockchain is a collection of blocks linked together in a sequential order. Each block would have a number to identify it in the sequence. Cryptography is employed to link and maintain the blocks digitally in a distributed manner over the network. And also to ensure the security and authenticity of the data. At a predetermined block, the chain splits up creating a new blockchain. The newborn chain considers the data available from the parent chain to the block where it is forked as the base data to start operating. A hard fork could be planned for many reasons. Few common needs are as follows. Releasing a major update.Shifting the mining algorithm or changing the mining mechanism. Community disagreements over the proposals. Creating a new currency (for example, Bitcoin Gold).To patch potential exploits. https://etherecash.io/

  4. Metropolis Hard Fork A hard fork is planned as part of Ethereum roadmap. And named as Metropolis. The aim of the Metropolis hard fork is to enhance the Ethereum platform in terms of Security, Privacy, and Scalability. As the Ethereum platform gained more traction, the developers identified the need for two hard forks. So, the Metropolis fork is planned for two stages. Each stage consists of an individual hard fork. The first and second uniquehard forks are named as Byzantium and Constantinople respectively. Byzantium Hard Fork Ethereum Improvement Proposals aka EIPs are the critical implementations that would enhance the overall blockchain and the network. Each EIP is only implemented on the Blockchain if the community votes for it. Implementation of nine Ethereum Improvement Proposals aka EIPs is achieved through Byzantium Hard Fork. https://etherecash.io/

  5. The fork is planned to enforce much earlier. But, few bugs were found when deployed on Ethereum test net, an identical Ethereum environment intended for thetesting purpose. The developers had to fix the bugs in source code, and it was time intensive. The Byzantium hard fork is arranged to deploy at block number 4,370,000 on the Ethereumblockchain. The forking process went smoothly without any glitches, and no network interruptions are caused. The key features of the Byzantium fork are: Improved mining Difficulty calculation for enforcing more stable block time. Implementation of REVERT instruction in Ethereum Virtual Machine (aka EVM, is responsible for running Ethereum network).Difficulty bomb delay and issuance reduction for an average block time of 15 Seconds and for buying time to adapt Proof of Stake mechanism.Improving the transactional privacy

  6. And few other core development related updates. How the Byzantium fork affects Etherecash? The Etherecash is built on top of Ethereum platform using the Smart Contracts technology. And the Etherecash token is an ERC20 compatible token. The effects of Byzantium fork are completely positive on Etherecash. Increasing the Scalability, Security, and Privacy of the Ethereum platform only mean a stronger backbone for Etherecash. The Old Blockchain The blockchain that is other than the newly created blockchain is known as old blockchain. If there any nodes or miners are still working on the old chain then there is a higher possibility of a new Cryptocurrency coming into existence. https://etherecash.io/

  7. Long back in 2016, there is a Decentralized Autonomous Organization aka DAO was set up on Ethereum platform. Due to a bug in the code,hackers stole millions of funds from the DAO causing chaos. To revert the damages of the attack the community has planned for a hard fork. But, the community has not approved this entirely. And as an aftermath, the old blockchain is maintained by the community of people who disapproved the fork. So, a new currency came into existence and named as Ethereum Classic. In case of Byzantium hard fork, almost all the nodes upgraded to adopt the new blockchain. And there is no possibility of a currency coming into existence. Constantinople Hard Fork The second part of the Metropolis Hard Fork, i.e., Constantinople hard fork do not yet has a release date. The fork would go live by the middle of the year 2018. https://etherecash.io/

  8. There are few Ethereum Improvement Proposals (EIPs) whose adoption for the moment postponed until the Constantinople Metropolis Hard Fork. https://etherecash.io/

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