Euclideum
Introduction to Euclideum
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 100tps, 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.
Roadmap
Q3 2020
On August 27, 2020, we'll take a snapshot of the Ethereum network to determine how many ECL tokens each ETH address holder is entitled to. From August 28, 2020, we'll begin our epic airdrop of ECL ERC20 tokens. If you hold ETH, you are entitled to 100% FREE ECL coins at the 3:1 ratio.
Q4 2020
Once the airdrop is complete and we have the first PoS nodes running, Once we launch the Euclideum blockchain in September, you'll be able to swap your ERC20 tokens for ECL coins. You can also launch your own node (requires a stake of 30 ECL) and earn with PoS mining. Trading on ArchimeDEX will start, too.
Q1 2021
It's time to introduce delegated PoS staking! Unlike Ethereum, which requires you to run your own node, Euclideum allows you to delegate your coins to another node and enjoy the rewads. You can stake as much or as little as you like and earn up to 8% a year. At this point, we also have the first dApps and smart contracts running on Euclideum.
Q2 2021
In mid-2021, we'll activate our dApp development fund — a special ECL reserve created to support blockchain projects that can bring real value to Euclideum. Dapp developers can submit their blueprints or ready code and get significant grants. We'll also audit selected smart contracts for free. Meanwhile, we'll be working on the sharding.
Q3 2021
By September 2021, we expect to have at least 10 decentralized applications running on the Euclideum blockchain, some of them supported by our fund. We'll also launch a public funding platform where users will be able to invest ECL in the best projects in a decentralized way (instead of risky, non-transparent IEOs).
Q4 2021
After almost a year of testing, Euclideum sharding protocol will be launched, taking the transaction processing capacity from 100-150 tpx to 400 tpx or higher. At first there will be 4 active shards. Meanwhile, there should be between 30 and 50 dApps running on Euclideum, including DeFi, wallets, prediction markets, etc.
Key Facts About The Airdrop
1 ETH = 3 ECL. : For each ETH coin you hold, you’ll be airdropped 3 ECL for free
Ethereum smart contract : We’ll use a smart contract to swap the pre-launch ERC20 tokens for ECL
Referral program : Invite friends and get 5% of all ECL coins they claim during the airdrop
Open-source : We’ll publish the code of the exchange so that you can verify it yourself
INFORMATION
Website: https://euclideum.com/
Whitepaper: https://euclideum.com/whitepaper.pdf
Twitter: https://twitter.com/euclideum
Facebook: https://facebook.com/euclideum
Medium: https://medium.com/@Euclideum
Telegram Channel: https://t.me/euclideum
Telegram Chat: https://t.me/euclideum_chat
Username: warulor540
My Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2804131
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