Abstract.The Ethereum+ network is a peer-to-peer digital asset system that enables direct exchange of value without going through a central party. A zero compromise blockchain with the inherent parallelism and performance characteristics of an unspent transaction output (UTXO) based architecture and the Turing Complete programming of Ethereum Virtual Machine (EVM) architectures. This is a breakthrough smart contracting and digital asset system based on SHA512 proof-of-work, designed for extreme throughput and scale.
What is Ethereum+?
Ethereum+ is a revolutionary network designed to solve the problems with all existing blockchains in terms of scale, parallelism and Turing Complete programming. Ethereum+ is a peer-to-peer digital asset system that enables direct exchange of value without going through a central party. Similarly to Bitcoin, the Ethereum+ network requires minimal structure, and timestamps transactions into an ongoing hash-based chain of proof-of-work (SHA512/256). We introduce two novel breakthrough techniques to validate digital assets: unique references and a general purpose induction proof system both of which operate in constant O(1) time and space. It is possible to compose outputs in any manner, without compromising the inherent parallelism and performance characteristics of an unspent transaction output (UTXO) based architecture. Therefore, users can leave and rejoin the Ethereum+ network at will and be assured of the integrity and authenticity of their digital assets.
Zero Compromise Open-source Blockchain: Hybrid Account + UTXO Smart Contracts
The world's first breakthrough hybrid Account + UTXO based architecture engineered for massive layer one (L1) on-chain scaling and Turing Complete smart contracts.Ethereum+ offers the benefits of a UTXO blockchain along with the advanced capabilities of EVM compatible blockchains, but with none of the downsies.
I had to write all the code before I could convince myself that I could solve every problem, then I wrote the paper. I think I will be able to release the code sooner than I could write a detailed specâ-âSatoshi Nakamoto
In the same spirit of Satoshi Nakamoto's launch of Bitcoin, we released a fully operational and software development stack on Day 1, before even writing the White Paper. We wanted to be convinced that the revolutionary and breakthrough system worked before writing about it. No waiting, no limitations, just a scalable blockchain node and toolkit to build your dreams today.
Network Details
Network Name: Ethereum+ (EthereumPlus) Network Abbreviation: ETHP Mining Algorithm: SHA512/256 Proof-of-work (GPU Mineable) Block Time: 5 minutes Initial Block Size: 128 MB, designed to achieve 10GB+ Block Reward Schedule: 50,000 ETHER per block Block Reward Halvening: 2 years Maximum Supply: 21,000,000,000 ETHER Decimal Places: 8 Launch Date: 2022â11â01 02:42 UTC Premine: Ethereum+ has 2,5% from all emission premine existing
Ethereum+ Node, Source Code and Libraries
All source code is immediately available and Open Source MIT Licensed.
Ethereum+ Node A high-performance node, designed for big blocks and decentralized applications. Modified for the novel and efficient proof-of-work algorithm SHA512/256 and the breakthrough induction proofs to allow complete freedom to the developer, without compromising scalability such as EVM-based blockchains.
Ethereum+ ElectrumX Indexer Service Highly optimized python3 foundation for indexing addresses and histories. Tested and working with block sizes in excess of 4 GB. Tremendous room to grow and still maintain decentralization.
Maxum is a deflationary token. Every transaction burns 2% of its output, and as more tokens get destroyed, the burning rate goes up. With any transaction of Maxum, the smart contract destroys 2% of the transaction amount. As more tokens get destroyed, the burn rate goes up, making Maxum more scarce with every transaction. You can think about the different burn levels of Maxum in the same way that bitcoin halving events work, both adding scarcity as parts of their economics.
Deflation Levels Starting Supply: 200,000,000,000 Maxum 2% burn rate with every transaction. When the circulating supply is 180,000,000,000, the burn rate goes up to 4%. When the circulating supply is 160,000,000,000, the burn rate goes up to 6%. When the circulating supply is 140,000,000,000, the burn rate goes up to 8%. When the circulating supply is 120,000,000,000, the burn rate goes up to 10%. When the circulating supply is 100,000,000,000, the burn rate goes up to 12%. When the circulating supply is 80,000,000,000, the burn rate goes up to 14%. When the circulating supply is 60,000,000,000, the burn rate goes up to 16%. When the circulating supply is 30,000,000,000, the burn rate goes up to 20%. When the circulating supply is 10,000,000,000, the burn rate goes up to 24%. When the circulating supply is 1,000,000,000, the burn rate goes up to 30%.
Maxum is being airdropped in its totality, and we wont do any fundraising round, IEO or ICO. The only way to obtain Maxum before it is live on the exchanges is through our airdrop.
Why We believe that one of the main problems with tokenomics and cryptocurrencies in general is inflation. As more tokens are created or minted, the older tokens lose value. Maxum is different in the way that it is built be the anti inflationary remedy. There are other anti-inflatonary tokens, such as $BOMB, although there arent any tokens built with scalable anti-inflation burns like us, as they all have the same burn rate at every point, while Maxum smart contract burns a bigger percentage as the circulating supply gets smaller.
Decentralized Maxum is totally decentralized. We hope that in the future Maxum can be implemented as a premium store of value, and we also believe that developing dApps using Maxum tokens as its currency could be a very good way to increase value for Maxum, yet we are totally decentralized. We didnt conduct an ICO and we are airdropping 95% of our tokens, while using the other 5% for our marketing efforts, such as promoting it on other crypto sites, partnering with exchanges, and the team involvement in this project. This decentralization also means that you are totally free to do anything you want with your tokens. You can burn them, making Maxum more scarce, or you can lock them up for years.
Token Details Smart Contract: 0xc9634da9b1eefd1cb3d88b598a91ec69e5afe4e4 Symbol: MUM Total Supply: 200,000,000,000 Starting Burning Rate: 2% per transaction Decimals: 0