If you have not heard about the two projects, you are not alone — as most other crypto enthusiasts have not either.
[New Coin Listing🔔] Ether Zero(#ETZ) and Aeron(#ARN) are listed on #Bithumb!— Bithumb (@BithumbOfficial) January 17, 2019
■Timeline: Timeline: January 17 (Thu), 2019 (KST) in the afternoon
Visit Bithumb website and trade newly listed cryptocurrencies ☺️
▶ https://t.co/VkKnc2uT0y#Bithumb #New #Coin #Listing pic.twitter.com/Izr3uyOy2f
What Is Ether Zero (ETZ)?In the second half of 2017, Bitcoin’s hard fork stole the show on many occasions, starting with Bitcoin Cash (August 1) or Bitcoin Gold (October 24), and finishing with many other failed attempts like the infamous SegWit2x. It was only a matter of time before Ethereum, second best cryptocurrency by market cap, to experience its own hard fork shivers. The moment came on Jan 19, 2018, when an unnoticeable minority forked the Ethereum blockchain and created Ether Zero. Every ether hodler at that moment received two ETZ for every one ETH held. The team behind the project sped up the shift to a Proof-of-Stake system (PoS) from its original Proof-of-Work (PoW) algorithm. The new blockchain is now using a Masternode PoS system. Besides the algorithm change, ETZ currently boasts zero transaction fees and instant confirmations thanks to their on-chain voting structure and one-second block interval. However, the zero transaction fee does not mean there is zero cost for anyone who wants to run a decentralized application (dApp) on the ETZ blockchain. To use the network’s resources, one must buy and hold ETZ in order to earn Power, the blockchain’s internal currency, similar to GAS on the Ethereum network. Buying ETZ may be tricky, mostly due to at least two red flags found in the whitepaper. The first involves the hard fork which took place on Jan 19 when a total of 194 million ETZ were issued to ETH holders. 97 million were distributed to the Ethereum coiners, while the other 50 percent were distributed to ‘early investors’ — mostly the EtherZero Foundation, EtherZero Post Development, and Eco-Development. The other major concern has to do with the core team. Only the founder has revealed his real identity, while the other four alleged team members do not have any real-world references and only use first names like Frank and Mia to introduce themselves.
What Is Aeron (ARN)?The second coin listed by Bithumb was also born in the good old days of 2017. Aeron however, was not involved in any fork. It was just a small bubble in the stormy, $6 billion Initial Coin Offering (ICO) ocean at the time.
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