Ethereum Basic (ETBC)

We believe that CPU and GPU miners should have an advantage over ASIC farms – this is the only way to keep the network decentralized. That’s why Ethereum Basic will implement Programmatic Proof-of-Work – a mechanism of changing the algorithm often and unpredictably. GPU miners will simply have to update their software, but ASIC farms will have to create a completely new chip every time. This will ensure a smoother transition to PoS. More details at https://ethereum-basic.com/

In Ethereum fork is planned, which will appear cryptocurrency Ethereum Basic.

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:

• Return at the start of the structure where the miners get 3 ETBC per block.
• Removing the difficulty bomb to decrease pressure on the miners to accept future upgrades;
• Implementing ASIC-resistance ProgPow in the 3rd quarter 2019
• Introduction of a functional voting mechanism.
• More incentives for full nodes.
• Implementation of the DEX and 0X Protocol to support native decentralized exchanges.
• Creation of a decentralized exchange XDEX with support for other cryptocurrencies, which will also support the DEX and 0X protocols.
• Making the network more currency-agnostic.
• Gas fee optimization.
• Scaling: increasing network capacity using on-chain and off-chain Solutions.
• Transfer to PoS that should be complete and comprehensive, not partial as foreseen by the Casper framework.


As a measure to stimulate the circulation of Ethereum Basic, every Ethereum holder can claim ETBC coins for free at a 1:1 ratio. In order to distribute free coins, a snapshot of the network will be taken on May 16, 2019, at 16:00 GMT to ensure that only those users who hold ETH at the moment of the snapshot receive free coins.
All users who store Ethereum on wallets, from which they do not have private keys, need to transfer coins to their personal wallet.

On the eve of the fork, a bounty campaign of a new cryptocurrency will start to promote the project. The conditions of the incentive program allow participants to receive ETBC coins for activity in social networks, creating unique video and text content with promotion on cryptocurrency forums, blogs, YouTube.
You can take part in Bounty here: https://bitcointalk.org/index.php?topic=5141079

More details about the Ethereum Basic cryptocurrency сan be found on:
Official website: https://ethereum-basic.com
Wallet: https://etbcwallet.com/
Whitepaper: https://ethereum-basic.com/whitepaper.pdf
Bitcointalk forum: https://bitcointalk.org/index.php?topic=5141077
Telegram channel: https://t.me/EthereumBasic
Twitter: https://twitter.com/EthereumBasic
Facebook: https://www.facebook.com/Ethereum-Basic-447410822676229/

You can ask any question support: @ethbasic