October 22, 2019

Introducing 2Ether - a new coin for independent miners and dApp developers

You might be asking yourself, “Why yet another coin based on the Ethereum blockchain?” But in the case of 2Ethere, there are actually very good reasons. In this first post, we’ll explain what 2Ether is all about and how you can get ET2 coins for free in our massive airdrop.

You probably know that Ethereum is struggling with a lot of issues. There’s the scaling challenge, the promised switch to Proof-of-Stake, a new virtual machine in the works, etc. These problems are very complicated and will require years to solve. Some projects promise to fix them in a span of a few months, but it’s simply impossible.

2Ether takes a different approach. We focus on several issues that can actually be solved pretty easily and quickly. They are less infrastructure-scale and more practical. The solutions we’ve devised won’t take too long to implement, but they will bring a real benefit to the community.

Here are the 3 main issues that 2Ether plans to resolve:

1) Block rewards — as you know, miners’ rewards fell by one third after the last Ethereum update. Since the market is still sluggish and a real price rally hasn’t materialized, small independent miners don’t earn enough to cover their costs. When rewards fall, big mining farms come to dominate the market even more. Our solution: dynamic block rewards that favour independent CPU and GPU miners.

2) dApp development and contract audit — almost all smart contracts contain serious vulnerabilities. So any project is supposed to get its contract audited before launch. Unfortunately, smart contract audit is very costly — the price can reach $50 000. Such high prices are a result of low competition: there are few blockchain audit companies on the market, so they set whatever prices they wish. Our solution: free community-run smart contract audit, plus premium options for fully manual audit.

3) IEO fundraising — now that IEOs are replacing ICOs, it turns out that an exchange offering isn’t a perfect solution after all. Exchanges charge very high fees and don’t really put an effort into marketing token sales. Why would they? They get their fee anyway. So it often happens that projects spend money on an IEO and raise $0. Our solution: an easy-to-use, affordable IEO platform where a project can be evaluated and approved for an IEO in a few days.

Our timeline for introducing the basic features of all three solutions is about 9 months. 2Ether will launch on December 2, 2019, at first still with static block rewards. Just before the launch, we’ll do a snapshot of the Ethereum network and then send free ET2 tokens to all ether holders. That’s right, anyone who has ether in a personal wallet (not on an exchange) will get some ET2. This will be one of the most massive crypto airdrops we know about.

In our next posts, we’ll tell you more about the blockchain theory and tech behind our solutions. For now, visit our official site https://2ether.com/ to find out more about the airdrop. And of course, join our bounty program to get even more free ET2!

https://2ether.com/


Web site - https://2ether.com/
Twitter - https://twitter.com/2Ether_
Discord - https://discordapp.com/invite/TuqG4py
Facebook - https://www.facebook.com/2Ether/
Reddit - https://www.reddit.com/user/2Ether
Medium - https://medium.com/@2ether
Teletype - https://teletype.in/@2ether
Telegram - https://t.me/ether2support
Telegram chat - https://t.me/blockchain_2ether